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

IFSCA issues amendment in IFSCA operating guidelines and eligibility criteria for Bullion Trading Member

22-Sep-2025 | IFSCA-PMTS/10/2023-Precious Metals

IFSCA has issued a circular on the amendment to the IFSCA operating guidelines and eligibility criteria of Bullion Trading Member, effective from 22nd September 2025.

By virtue of this circular, IFSCA has amended the eligibility criteria for Bullion Trading Members as provided in the "Operating Guidelines on Bullion Exchange, Bullion Clearing Corporation, Bullion Depository, and Vault Manager". Previously, trading members were required to employ at least one individual with a minimum of three years' experience and sound knowledge in the precious metals industry. Now, under the revised provision, trading members must have at least one employee with a minimum of two years' experience in dealing in securities, foreign exchange, or precious metals.

Kindly refer to the attached document for more information.

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