IFSCA Grants QCCP Status to IIBX in GIFT IFSC

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  • Last Updated on 29 March, 2026

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IFSCA QCCP status

Press Release; Dated: 25.03.2026

The International Financial Services Centres Authority has granted recognition to India International Bullion Exchange Limited under the Securities Contracts (Regulation) Act, 1956, read with the IFSCA Act and the IFSCA (Bullion Market) Regulations, 2025.

1. Key Approval

  • IIBX is authorised to function as:
    1. Bullion Exchange, and
    2. Bullion Clearing Corporation
  • The recognition is applicable within the GIFT IFSC

2. Market Infrastructure Status

  • IIBX has been designated as a Market Infrastructure Institution (MII)
  • This designation reflects its systemic importance in the IFSC ecosystem
  • It will operate under the regulatory oversight of IFSCA

3. Regulatory Significance

  • Strengthens the bullion trading ecosystem in IFSC
  • Enables integrated trading and clearing infrastructure
  • Enhances transparency, efficiency, and global competitiveness

4. Bigger Picture

This move supports India’s ambition to position GIFT IFSC as a global hub for bullion trading, while ensuring robust regulatory supervision and market integrity.

Click Here To Read The Full Press Release

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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