Shireroth

The following are MiniTrade policies to supplement the Guild Legislation.

To apply to MiniTrade to be recognised as a Guild, there must be two or more prospective members applying, or the person applying must be starting a course at the University desired to be a guild qualification, with at least one student enrolled.
A guild must also be reasonably different to existing guilds.

Once a guild has been approved by MiniTrade, they are entitled to a subforum in the Guilds subforum. Each guild subforum will be open, to allow those interested in employing the guild's services to ask for them.

Guilds may screen prospective membership by:
a. Providing an application form which must be filled in.
b. Having a test that must be passed (administered via the University)
c. Requiring members to agree to an oath/pledge.
d. Or any combination of the above.
Guilds may not place any further limits on membership.

Guilds have autonomy over their own leadership structure, pricing structure and any other matters they may choose to pursue. MiniTrade is only there to accept guild applications, limit guild restrictions, and ensure that guilds comply with Guild legislation.

Since I own and operate the Shirithian Mercantile Exchange which has a history of charging a fee and considering there is no one else currently operating a financial service other than the government via the Ministry of Trade, and also considering this line of the new law;

2. Guilds will be limited to a specific area of economic activity, but within that area are allowed to require qualifications for membership with a basic framework drawn up by the Ministry of Trade. Guild members are also the only people allowed to charge for the service they render.

It appears to me that your regulations may have just killed the stock market with this regulation.

To apply to MiniTrade to be recognised as a Guild, there must be two or more prospective members applying, or the person applying must be starting a course at the University desired to be a guild qualification, with at least one student enrolled.

You can still operate a Stock Exchange. You just can't be recognised as a Guild, because there's only one of you. If someone else opened a financial business, then you two could both form a guild if you wanted, and restrict further access to the market. But at present you operate as a business and not a guild and don't need to be a guild.

Make sense?

The law says

Guild members are also the only people allowed to charge for the service they render.

Thus if the stock market isn't part of a guild how can I legally charge for my service?

By just charging for it. The people who voted for it (well, me anyway) assumed that it implied "in an economic area covered by a guild".

Yes. The way I intended the law when I wrote it was that once a guild is formed guild members are the only people that can charge for it. Before a guild is formed people can charge for whatever. (because if we didn't have that it would force us to quantify services and goods. If you sell bonds is that a good or a service? If you sell someone an image you made is that a good or a service)

I agree with Ari and Andreas. That passage in the text applies to economic activity covered and regulated by a guild, not to all business activity. So, until someone opens a competing business, you have pretty much free reign (within the law).

Great, The stock market doesn't charge much anyways.