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

IFSCA - Market Access through Authorized Persons on Bullion Exchange

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

IFSCA has issued a circular on Market Access through Authorised Persons on Bullion Exchange, effective from 11th September 2025. Through this circular, IFSCA has decided to extend the applicability of Market Access Circulars (F No. 68/IFSCA/MRD-AP/2020-21 dated 14th October 2020 and FSCA/CMD-DMIIT/AP/2022-23/1 dated 29th April 2022) to the Bullion Exchange and Bullion Trading Members, based on representations received from market participants. These circulars specify that IFSCA has permitted the stockbrokers/broker-dealers of the stock exchanges in IFSC to provide market access to investors through Authorised Persons based in India as well as in foreign jurisdictions. The same provisions are now applicable to the Bullion Exchange and Bullion Trading Members. Accordingly, the Bullion Exchange is advised to: a. Make necessary amendments to its relevant rules, regulations and byelaws for the implementation of the above; and b. Bring the provisions of this circular to the notice of the market participants and disseminate the same on its website. Kindly refer to the attached document for more information.

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