Regulation 42 - The provisions relating to grant of recognition, commencement of business, net worth, ownership and governance norms for a depository, as specified in the IFSCA...
International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter X BULLION DEPOSITORIES
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Bullion depository governance standards extend recognition, business commencement, net worth and ownership requirements through adapted depository rules. Recognition, commencement of business, net worth, ownership and governance requirements applicable to depositories under the IFSCA (Market Infrastructure ... Summary
Bullion depository governance standards extend recognition, business commencement, net worth and ownership requirements through adapted depository rules.
Recognition, commencement of business, net worth, ownership and governance requirements applicable to depositories under the IFSCA (Market Infrastructure Institutions) Regulations, 2021 apply, mutatis mutandis, to bullion depositories. Those established depository standards are thereby adapted to regulate bullion depositories' recognition, operational commencement, financial strength, ownership structure and governance arrangements within the bullion market framework.
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