IIBX notified regarding the Annulment of Trades

Jan 05, 2025 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe India International Bullion Exchange (IIBX) on January 03, 2025, issued the notification regarding the Annulment of Trades.

The following has been stated namely: -

• This is addressed to all Members, Qualified Jewellers, and/or Qualified Suppliers.

• Certain trades have been annulled due to the “Fat Finger” error being a material mistake, after the due approvals from the relevant authority in terms of the provisions of the Exchange and Clearing Byelaws of India International Bullion Exchange IFSC Ltd.

Please refer to the notification for the specified trades.

[Notification No. 20250103-1]


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