The International Financial Services Centre Authority (IFSCA) on November 12, 2026, issued a circular regarding the format for reporting non-compliance(s) under the IFSCA (Bullion Market) Regulations, 2025.
The following has been stated: -
•The International Financial Services Centres Authority (IFSCA) has prescribed a format for quarterly reporting of regulatory non-compliances by Compliance Officers of bullion exchanges and bullion clearing corporations under Regulation 31 of the IFSCA (Bullion Market) Regulations, 2025.
•Compliance Officers are required to immediately and independently report any observed non-compliance to IFSCA and submit a quarterly report in the prescribed format within 45 calendar days from the end of each quarter.
•A Nil Report must also be submitted within the prescribed timeline where no non-compliance has occurred.
•The circular is issued under Sections 12 and 13 of the IFSCA Act, 2019, read with Regulation 78 of the 2025 Regulations, and is effective immediately.
[Circular No.: IFSCA-PMTS/10/2023-Precious Metals/2026/8]
