IFSCA-PMTS/10/2023-Precious Metals on 22 September 2025, amending the eligibility criteria for Bullion Trading Members under the Operating Guidelines of 25 August 2021. Previously, trading members were required to have at least one employee with a minimum of three years’ experience and sound knowledge in the precious metals industry. The change is aimed at broadening the eligibility base for trading members while maintaining professional standards. This amendment has been issued under the powers conferred by the IFSCA Act, 2019, read with the IFSCA (Bullion Market) Regulations, 2025, and comes into effect immediately. Based on the representations received and discussions held with various stakeholders seeking relaxation in the minimum experience requirements for employees of Bullion Trading Members, it has been decided to amend the eligibility criteria for membership of the Bullion Exchange.