INDIA: IFSCA Grants QCCP Status to IIBX

Thursday March 26 2026

On 25^th March 2026, the International Financial Services Centres Authority (IFSCA) announced that the India International Bullion Exchange Limited [IIBX] has been granted recognition under the Securities Contracts Regulation Act 1956 (SCRA) and IFSCA (Bullion Market) Regulations 2025, to function as both a Bullion Exchange and a Bullion Clearing Corporation in the GIFT IFSC.

The bullion clearing corporation has qualified as a QCCP being regulated by IFSCA under the IFSCA Act 2019, SCRA and Rules, Regulations and guidelines made thereunder. IIBX is continuously governed by rules and regulations that align with the Principles for Financial Market Infrastructures (PFMIs) issued by the Committee on Payment and Settlement Systems (CPSS) and International Organisation of Securities Commissions (IOSCO). The PFMIs were issued by the CPMI and IOSCO in April 2012. These were issued to enhance safety and efficiency in payment, clearing, settlement, and recording arrangements, and more broadly, to limit systemic risk and foster transparency and financial stability. The members of CPMI and IOSCO are required to strive to adopt the PFMIs in their respective jurisdictions in line with the G20 expectations.

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