The India International Financial Services Centres Authority (IFSCA) has recognised India International Bullion Exchange (IFSC) Limited (IIBX) to operate in GIFT IFSC as both a Bullion Exchange and a Bullion Clearing Corporation, and has accorded the clearing corporation the status of a Qualifying Central Counterparty (QCCP). 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 regulated by IFSCA under the IFSCA Act, 2019 and the SCRA framework, and is designated as a Market Infrastructure Institution for oversight in GIFT IFSC, requiring adherence to the Principles for Financial Market Infrastructures within IFSCA’s PFMI-based supervision.
India International Financial Services Centres Authority 2026-03-25
India International Financial Services Centres Authority grants IIBX qualifying central counterparty status in GIFT IFSC
The India International Financial Services Centres Authority has recognised India International Bullion Exchange (IFSC) Limited to operate in GIFT IFSC as both a Bullion Exchange and a Bullion Clearing Corporation, and has granted the clearing corporation Qualifying Central Counterparty status. IIBX is designated as a Market Infrastructure Institution under the Securities Contracts (Regulation) Act, the IFSCA Act and the IFSCA (Bullion Market) Regulations, 2025, and is subject to PFMI-based supervision.