Bullion market intermediary registration requires certification, fit and proper status, and permits suspension or cancellation after an opportunity of hearing.

Bullion-market intermediaries must obtain and comply with a certificate of registration before undertaking bullion-market activities. They must satisfy fit and proper criteria, and registration applications are processed by the relevant bullion exchange, clearing corporation or depository subject to prescribed eligibility conditions. Registration may be suspended or cancelled on the Authority's own motion or recommendation, after an opportunity of hearing except where registration is voluntarily surrendered. Voluntary surrender becomes effective only upon approval.

---

---

---