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Core Purpose

The International Financial Services Centres Authority grants renewal of recognition to India International Bullion Exchange IFSC Limited as a Bullion Exchange and a Bullion Clearing Corporation for three years.

Detailed Summary

The International Financial Services Centres Authority (IFSCA), located in Gandhinagar, on December 3, 2025, issued Notification F. No. IFSCA-PMTS/9/2023-Precious Metals, granting renewal of recognition to India International Bullion Exchange IFSC Limited, Gujarat. This renewal is for a period of three years, commencing on December 9, 2025, and concluding on December 8, 2028, for its operations as a Bullion Exchange and a Bullion Clearing Corporation in respect of bullion contracts. The decision was made after considering the application by the entity under Regulation 3 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025, and being satisfied that it serves the interest of trade, the bullion market, and the public. The authority exercised its powers conferred by Section 12 of The International Financial Services Centres Authority Act, 2019, and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with Regulation 7 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025. The recognition is subject to compliance with conditions prescribed by IFSCA from time to time, and the term "bullion contract" holds the same meaning as defined in the International Financial Services Centres Authority (Bullion Market) Regulations, 2025. The notification was signed by K. Rajaraman, Chairperson.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-05122025-268265 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 788] NEW DELHI, THURSDAY, DECEMBER 4, 2025/AGRAHAYAΝΑ 13, 1947 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 3rd December, 2025 F. No. IFSCA-PMTS/9/2023-Precious Metals. -The International Financial Services Centres Authority, having considered the application by India International Bullion Exchange IFSC Limited, Gujarat for grant of recognition under Regulation 3 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025 and being satisfied that it would be in the interest of the trade, bullion market and also in the public interest to do so, hereby grants, in exercise of the powers conferred by Section 12 of The International Financial Services Centres Authority Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with Regulation 7 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025 renewal of recognition to it as a Bullion Exchange and a Bullion Clearing Corporation for three years, commencing on the 9th day of December 2025 and ending on 8th day of December 2028 in respect of bullion contracts, subject to the conditions stated herein below or as may be prescribed or imposed hereafter: • The Bullion Exchange and Bullion Clearing Corporation shall comply with conditions as may be prescribed by IFSCA from time to time. "Explanation:-"bullion contract" shall have same meaning as assigned to it under International Financial Services Centres Authority (Bullion Market) Regulations, 2025." K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./524/2025-26] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH YADAVA

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