IFSCA Allows Market Access via Authorised Persons on Bullion Exchange

  • Blog|News|FEMA & Banking|
  • 2 Min Read
  • By Taxmann
  • |
  • Last Updated on 15 September, 2025

Latest from Taxmann

IFSCA bullion exchange Authorised Persons

Circular No. IFSCA-PMTS/10/2023-Precious Metals; Dated: 11.09.2025

1. Introduction

The International Financial Services Centres Authority (IFSCA) has continued its efforts to strengthen the capital and bullion markets within the IFSC by expanding the scope of participation for investors. This move aims to create a more inclusive and accessible ecosystem for market participants while ensuring that regulatory safeguards remain intact.

2. Background of the Earlier Circular

Vide its Circular dated April 29, 2022, the IFSCA had initially permitted stock brokers to extend market access to investors through Authorised Persons (APs). This framework was designed to allow brokers to reach a wider pool of investors, both in India and foreign jurisdictions, while operating under defined regulatory oversight. The measure successfully streamlined participation in securities markets.

3. Industry Representations and Requests

Following this development, IFSCA began receiving multiple representations from market participants. These stakeholders requested that a similar facility be extended to the bullion segment, particularly on the bullion exchange operating within the IFSC. The demand underscored the industry’s recognition of bullion as a key asset class and the need for broader accessibility for investors.

4. Extension to Bullion Exchange

Responding to these requests, IFSCA has now permitted bullion trading members to provide market access to investors and customers through Authorised Persons on the bullion exchange. This extension harmonises the regulatory treatment of securities and bullion markets within the IFSC and allows investors a smoother channel for participation in bullion trading.

5. Conclusion

The decision to allow Authorised Persons to operate in the bullion exchange marks a significant step in enhancing market depth and investor accessibility within the IFSC framework. By addressing the concerns of stakeholders, IFSCA has not only promoted inclusivity but also reinforced its role in developing IFSC as a competitive and well-regulated global financial hub.

Click Here To Read The Full Circular

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann editorial team

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied