The International Financial Services Centres Authority (IFSCA) has granted a renewal of recognition to India International Bullion Exchange IFSC Limited, Gujarat, as a Bullion Exchange and Bullion Clearing Corporation. The renewal is effective for one year, starting from December 9, 2024, and ending on December 8, 2025. This decision follows the application under Regulation 4 of the IFSCA (Bullion Exchange) Regulations, 2020, and is based on the public interest and the benefit to the trade and bullion market.
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
NOTIFICATION
Gandhinagar, the 5th December, 2024
No. IFSCA-PMTS/9/2023-Precious Metals:- The International Financial Services Centres Authority, having considered the application by India International Bullion Exchange IFSC Limited, Gujarat for grant of recognition under Regulation 4 of the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and being satisfied that it would be in the interest of the trade, bullion market and also in the public interest to do so, hereby grants, in exercise of the powers conferred by Section 12 of The International Financial Services Centres Authority Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with Regulation 6 of the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 renewal of recognition to it as Bullion Exchange and Bullion Clearing Corporation for one year, commencing on the 9th day of December 2024 and ending on 8th day of December 2025 in respect of bullion contracts, subject to the conditions stated herein below or as may be prescribed or imposed hereafter:
- The Bullion Exchange and Bullion Clearing Corporation shall comply with conditions as may be prescribed by IFSCA from time to time.
“Explanation: – “bullion contract‟ shall have same meaning as assigned to it under International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020.”
K. RAJARAMAN, Chairperson
[ADVT.-III/4/Exty./746/2024-25]
