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The International Financial Services Centres Authority applies existing direct market access and sponsored access guidelines to the Bullion Exchange, Bullion Trading Members, and Bullion Clearing Members. The Bullion Exchange amends the relevant bye-laws, rules, and regulations to implement the circular. The Bullion Exchange also brings the provisions to the notice of members and publishes the provisions on the website.
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[Image omitted. See the official document.]
International Financial Services Centres Authority
CIRCULAR
IFSCA/DMC-MRD/Bullion/Technology/6/2024/01
July 08, 2024
To
Bullion MIIs in the International Financial Services Centre (IFSC) Bullion Trading Members in the IFSC Bullion Clearing Members in the IFSC
Madam/Sir
Direct Market Access (DMA) facility and Sponsored Access (SA) facility for Bullion Exchange participants
The IFSCA, vide Circular dated June 21, 2023, has prescribed guidelines and provisions for Direct Market Access (DMA) facility and Sponsored Access (SA) facility offered by broker dealers to their clients for trading on the stock exchanges in the IFSC.
In continuation of the same, it is hereby informed that the aforementioned IFSCA Circular shall also apply, mutatis mutandis, to Bullion Exchange, Bullion Trading Members and Bullion Clearing Members.
The Bullion Exchange is advised to:
This Circular is issued in exercise of the powers conferred under Section 12 of the IFSCA Act, 2019 r/w Regulation 58 of the IFSCA (Bullion Exchange) Regulations, 2020.
A copy of this Circular is available on IFSCA website at www.ifsca.gov.in under the category "Legal → Circulars".
Yours faithfully
(Ramaneesh Goyal)
Deputy General Manager
Market Regulation Division
Department of Metals and Commodities
email: ramaneesh.goyal@ifsca.gov.in
Tel: +91 79 6180 9886
