Laws and sections by number or title, due dates, pages, and updates.
No summary yet. Read the circular below or open the official pdf.
[Image omitted. See the official document.]
CIRCULAR
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
IFSCA-PMTS/10/2023-Precious Metals/2026/7 27^th October 2026
To
Banks authorized by the RBI to import gold/silver Bullion MIIs in the International Financial Services Centre (IFSC) Bullion intermediaries in the IFSC Vault Managers in the IFSC All market participants on the Bullion Exchange in the IFSC
Dear Sir/Madam
Review of SCC framework for trading on IIBX
Reference is drawn to the following Circulars:
wherein participants, on fulfilling certain additional eligibility criteria, have been permitted to directly access the trading system of the IIBX without the requirement of Bullion Trading Members. Such participants have been designated as Special Category Clients (SCCs).
On review of the SCC framework, it has now been decided that no participant, including nominated bank, shall, henceforth, trade on IIBX unless it is a client of a Bullion Trading Member.
However, the participants that have already been notified by the IFSCA and/or onboard by the IIBX as SCCs as on the date of this Circular may continue to trade directly on IIBX until 13^th November 2026.
This Circular is issued in exercise of the powers conferred under Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, read with regulation 78 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025, and shall come into force with immediate effect.
A copy of this Circular is available on the website of International Financial Services Centres Authority at www.ifsca.gov.in at “Legal Framework→Circulars”.
Yours faithfully
(Ramaneesh Goyal)
General Manager
Market Regulation Division
Department of Metals and Commodities
email: ramaneesh.goyal@ifsca.gov.in
Tel: +91 79 6180 9886
