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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

IFSCA (Bullion Market) Regulations, 2025

04-Feb-2025 | F. No. IFSCA/GN/2025/001

IFSCA has issued IFSCA (Bullion Market) Regulations, 2025, effective from 13th February, 2025

Key Highlights-
1. The regulations provide for a framework for the recognition of bullion exchanges and bullion clearing corporations, and registration of bullion depositories and
vault managers, and matters connected therewith or incidental thereto.
2. Provision for making an application for the purpose of seeking recognition as Bullion Exchange or Bullion Clearing Corporation is specified which requires an applicant to submit an application containing such particulars as may be specified by the Authority. (Regulation - 3)
3. Conditions which are required to be followed by the applicant for the purpose of grant of recognition as a Bullion Exchange are specified, some of which are mentioned below -
a. the applicant is a company limited by shares;
b. the applicant is demutualised;
c. the applicant, its directors and shareholders who hold or intend to hold shares, are fit and proper persons, as specified in these regulations;
d. the applicant satisfies the conditions relating to ownership and governance structure, as specified in these regulations
4. The Authority may, after considering the application and on being satisfied that the applicant has complied with the conditions may grant in-principle approval with validity for a period of 1 year.

For more information, refer to the attached document

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