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of <h1>Central Government Expands Financial Services Authority Powers, Notifies Bullion Contracts and Services Under IFSCA Act 2019.</h1> The Central Government, under the International Financial Services Centres Authority Act, 2019, has notified certain financial products and services, expanding the powers and functions of the Authority. The notified financial products include bullion spot delivery contracts and bullion depository receipts with underlying bullion. The financial services encompass trading in bullion depository receipts, bullion financing, bullion-based loans, and related clearing and settlement services. The notification defines 'bullion' as precious metals such as gold and silver, and specifies the nature of bullion spot delivery contracts and bullion depository receipts. This notification is governed by the provisions of the Act and its regulations.
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