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    IFSCA notifies International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020
    Cabinet approves the proposal of Securities & Exchange Board of India (SEBI) tosign Bilateral Memorandum of Understanding between India and Luxembourg
    Finance Minister delivers keynote address at the inauguration of the Sri Lanka Economic Summit 2020
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    December 14, 2020
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    Bullion Exchange regulation: IFSCA sets framework for bullion trading, clearing, depository and vaulting services.
    Regulations establish a regulatory framework to operationalize a Bullion Exchange within the International Financial Services Centre after classifying bullion spot delivery contracts and bullion depository receipts as Financial Services. The International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 set out provisions for the Exchange, a Clearing Corporation, Depositories and Vaults, organised across sixteen chapters addressing exchange and clearing arrangements and storage and depository provisions.
    December 9, 2020
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    Cross-border securities cooperation to enable information sharing and technical assistance for enhanced regulatory supervision and enforcement.
    Approval is granted for SEBI to sign a Bilateral Memorandum of Understanding with Luxembourg's CSSF to establish a framework for information sharing, mutual assistance in enforcement of securities laws, and supervisory cooperation, and to create a technical assistance programme for consultations, capacity building and training of regulatory staff.
    December 1, 2020
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    Economic cooperation and regulatory consistency underpin India-Sri Lanka partnership to support people centric economic revival and sustained growth.
    The address advocates aligning India's and Sri Lanka's self reliance strategies to foster bilateral economic cooperation aimed at people centric revival, stressing that regulatory consistency and policy certainty are essential to attract industry and private sector participation and to sustain development partnership.

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