New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per the IFSCA Circular on OTC Derivatives on Gold and

    Silver (June 2024), by when must IFSC Banking Units (IBUs) report OTC derivatives transactions involving gold and silver?
    A The 1st of every month Correct Answer Incorrect Answer
    B The 5th of every month Correct Answer Incorrect Answer
    C The 10th of every month Correct Answer Incorrect Answer
    D The 15th of every month Correct Answer Incorrect Answer
    E The last day of every month Correct Answer Incorrect Answer

    Solution

    IBUs are required to report OTC derivatives transactions involving Gold and Silver to IFSCA by the 10th day of every month.

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