The India International Bullion Exchange (IFSC) Limited (IIBX) on March 17, 2025, issued a circular regarding updating UCC Details in the IIBX UCC Module.
The following have been stated:
All the Clients, Special Category Clients (SCC) and Members of IIBX are hereby informed that as part of the compliance requirement, the Exchange has incorporated the facility for capturing the Directors/Shareholders/Partners etc details under “ Additional UCC Details ” in the UCC portal. It is mandatory for all the Clients and SCCs to get the details of their Directors/Shareholders/Partners, etc. uploaded in the UCC module.
It is also the responsibility of the Members to ensure that the additional UCC details pertaining to Directors/Shareholders/Partners, etc of their respective clients is updated in UCC module immediately, failing which the Exchange may temporarily suspend the UCCs where these details are not available. Further, these details are also required to be updated on regular basis whenever there is any change in the Directors/Shareholders/Partners details in the UCC.
The Members, Clients and SCC may also note that henceforth while creation of any new UCC in the UCC Module, the details inter alia including details of Directors/Shareholders/Partners, etc. need to updated.
[Circular No. 20250317-1]
