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

Himalaya Bullion Traders wants to participate directly on IIBX as a trading member. Under the IFSCA framework for bullion exchange, which statement about participation is correct?

Only entities admitted as members or eligible participants under the exchange rules and the IFSCA framework can trade on IIBX. Trades are settled through the exchange's clearing corporation, so mere possession of a GST registration or private bilateral settlement does not qualify.

1. AAny person may trade on the exchange without registration if they hold a GST number
2. BOnly entities admitted as members of the bullion exchange under its rules and IFSCA framework may trade, and trades are settled through its clearing corporationCorrect
3. COnly RBI-licensed banks may trade, and jewellers are barred entirely
4. DParticipants trade directly with each other and settlement is by private bilateral agreement outside the clearing corporation