Quick Summary
In the Union Budget 2020, Union Minister of Finance Corporate Affairs Smt. Nirmala Sitharaman had made an announcement for setting up an International Bullion Exchange at the International Financial Services Centre in GIFT City, Gandhinagar, Gujarat. Subsequently, the Government of India had noti
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FAQ :
These are regulations notified by the International Financial Services Centres Authority (IFSCA) to govern the operations of a Bullion Exchange, Clearing Corporation, Depository, and Vaults.
The regulations were notified and published in the Gazette of India on December 11, 2020.
The International Bullion Exchange will be set up at the International Financial Services Centre in GIFT City, Gandhinagar, Gujarat.
The regulations cover the Bullion Exchange, Clearing Corporation, Depository, and Vaults.
The regulations are divided into 16 chapters, with the first half focusing on the Exchange and Clearing Corporations, and the second half on Vaults and Depositories.
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