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CS Professional · IFSCA - Regulations, Listing and Compliances · India International Bullion Exchange (IIBX)

A foreign bullion dealer wants to trade on IIBX as an entity outside India. Which statement is correct about participation in the exchange?

A foreign bullion dealer can participate on IIBX if it meets the exchange's eligibility and onboarding norms, as IFSC exchanges are open to non-resident participants under that framework. The platform is not limited to Indian residents or to central banks.

  1. ANon-resident participants can be admitted through the exchange's prescribed membership and client framework in GIFT IFSC, subject to its eligibility normsCorrect
  2. BOnly Indian residents are allowed on any IFSC exchange
  3. CForeign dealers must trade only on the NSE cash segment
  4. DNon-residents may trade only if they are central banks

Explanation

IIBX operates in an IFSC where non-resident participants may be admitted under the exchange's eligibility and KYC norms. It is not restricted to Indian residents or central banks, and the NSE cash segment is unrelated.

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