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

IFSCA Issues Circular Regarding Quarterly Reporting Format for Non-Compliances under the IFSCA (Bullion Market) Regulations, 2025

12-Nov-2026 | IFSCA-PMTS/10/2023-Precious Metals/2026/8

IFSCA issued has Circular Regarding Quarterly Reporting Format for Non-Compliances under the IFSCA (Bullion Market) Regulations, 2025 with effect from 12th November 2026 Through this Circular IFSCA has prescribed a format for reporting non-compliances by Bullion Exchanges and Bullion Clearing Corporations operating in the International Financial Services Centre (IFSC), pursuant to Regulation 31 of the IFSCA (Bullion Market) Regulations, 2025. In this regard, the Compliance Officer shall be responsible for monitoring compliance with applicable regulatory requirements and shall immediately and independently report any observed non-compliance to the IFSCA. Further, the Compliance Officer shall submit a quarterly report in the prescribed format within 45 calendar days from the end of each quarter. The report shall include details such as the applicable Act, rules, regulations or circulars under which the non-compliance occurred, specific provisions violated, details and reasons for non-compliance, whether it is a first instance, the period of continuation, corrective measures taken, actions or directions issued by any regulatory authority and the expected timeline and measures for rectification of continuing non-compliance. Further, where no instance of non-compliance has occurred during the relevant reporting period, the Compliance Officer shall submit a Nil Report within the prescribed timeline. For more information kindly refer to the attached document.

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Corporate Laws

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