RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Regulation 12 requires the bullion exchange to protect consumer interests, regulate bullion contracts, and promote a transparent and orderly bullion market. Its functions include regulating trading members and intermediaries, enforcing good delivery standards, prohibiting fraudulent and unfair trade practices, conducting inspections, inquiries and audits, and levying fees. It may prescribe standards for bullion quality, quantity, verification, vaulting and transport, and undertake further functions specified by the Authority.
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