Question
As per the IFSCA Circular on Direct Market Access (DMA)
and Sponsored Access (SA) for Bullion Exchange Participants (July 2024), who is responsible for ensuring that the DMA and SA facilities are properly implemented in the IFSC?Solution
The circular mandates that the Bullion Exchange must amend its bye-laws, rules, and regulations to ensure proper implementation of DMA and SA facilities for Bullion Trading Members and Bullion Clearing Members.
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