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
Bullion exchange functions govern contracts, intermediaries, delivery, market integrity, and consumer protection under the bullion market framework. Regulation 12 requires the bullion exchange to protect consumer interests, regulate bullion contracts, and promote transparent and orderly bullion market ... Summary
Bullion exchange functions govern contracts, intermediaries, delivery, market integrity, and consumer protection under the bullion market framework.
Regulation 12 requires the bullion exchange to protect consumer interests, regulate bullion contracts, and promote transparent and orderly bullion market development. Its functions include regulating trading members and intermediaries, enforcing good delivery standards, preventing fraudulent and unfair trade practices, and supporting consumer education and intermediary training. The exchange may obtain information and conduct inspections, inquiries and audits, levy fees and charges, set standards for bullion quality, quantity and verification, and establish vaulting and transport standards in consultation with the bullion depository.
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