The India International Financial Services Centres Authority (IFSCA) has granted recognition to India International Bullion Exchange (IFSC) Limited (IIBX) to function as both a Bullion Exchange and a Bullion Clearing Corporation in the GIFT IFSC and has accorded Qualifying Central Counterparty (QCCP) status to the bullion clearing corporation. The recognition is granted under the Securities Contracts (Regulation) Act, 1956, read with the IFSCA Act and the IFSCA (Bullion Market) Regulations, 2025. IIBX is designated as a Market Infrastructure Institution for oversight in view of its systemic importance in the GIFT IFSC, bringing it within the Principles for Financial Market Infrastructures framework and requiring adherence to PFMI requirements; IFSCA notes that IIBX is governed by rules and regulations aligned with the PFMIs issued by CPSS and IOSCO (now CPMI and IOSCO).
India International Financial Services Centres Authority 2026-03-25
India International Financial Services Centres Authority grants Qualifying Central Counterparty status to IIBX for bullion clearing in GIFT IFSC
The India International Financial Services Centres Authority (IFSCA) has recognized India International Bullion Exchange (IFSC) Limited (IIBX) as both a Bullion Exchange and a Bullion Clearing Corporation in the GIFT IFSC, granting it Qualifying Central Counterparty (QCCP) status. This recognition, under the Securities Contracts (Regulation) Act, 1956, and IFSCA regulations, designates IIBX as a Market Infrastructure Institution, requiring adherence to the Principles for Financial Market Infrastructures.