The International Financial Services Centres Authority (IFSCA) On October 27, 2023, amended Notification No. 329/IFSCA/Bullion MIIs/2021-22 dated December 06, 2022, related to the renewal of recognition.
The following has been stated:
• In line ten, for the words “bullion spot delivery contract and bullion depository receipt with underlying bullion”, the words “bullion contracts” shall be substituted.
• After the words “from time to time” in the last line, the following explanation shall be inserted, namely: -
“Explanation: - ‘bullion contract’ shall have same meaning as assigned to it under International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020.”
This notification will come into force from October 27, 2023.
[Notification No 329/IFSCA/Bullion MIIs/2023-24]
