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The International Financial Services Centres Authority requires the Bullion Exchange in IFSC to submit a Monthly Development Report beginning in January 2023. The Bullion Exchange submits the report in the prescribed format within ten days from the close of each month. The authority issues this circular under Section 12 of the International Financial Services Centres Authority Act, 2019.
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[Image omitted. See the official document.]
CIRCULAR
IFSCA/DPM-DTS/MDR/2022/01
December 20, 2022
To,
The Bullion Exchange in IFSC
Dear Sir/Madam,
Sub: Monthly Development Report (MDR) for the Bullion Exchange in IFSC
It has been decided that similar to the Stock Exchanges in IFSC, the Bullion Exchange shall be required to submit MDR to IFSCA on a monthly basis, beginning January 2023.
The report shall be submitted in the prescribed format, within 10 days from the close of each month.
The format for the MDR can be accessed at https://ifsca.gov.in/Downloadfile/Index.
This circular is issued in exercise of powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres.
Yours faithfully,
Praveen Kamat
Deputy General Manager
Division of Technology and Supervision
Department of Precious Metals
email: praveen.kamat@ifsca.gov.in
Tel: +91-79-6180 9820
