<h1>IFSCA Regulates Bullion Exchange in GIFT City, Gujarat: New Rules Cover Exchange, Clearing, and Vault Operations.</h1> The International Financial Services Centres Authority (IFSCA) has notified the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020. This follows the announcement in the Union Budget 2020 to establish an International Bullion Exchange at the International Financial Services Centre in GIFT City, Gujarat. The regulations, approved on October 27, 2020, and published on December 11, 2020, cover aspects such as the Bullion Exchange, Clearing Corporation, Depository, and Vaults. They are structured into 16 chapters, with the first half focusing on the Exchange and Clearing Corporations, and the second half on Vaults and Depositories.