IFSCA Eases Bullion Trading Member Criteria to Boost GIFT City’s Market Accessibility

The International Financial Services Centres Authority (IFSCA) is making important changes that will shake up the bullion trading scene in GIFT City. On September 22, 2025, the IFSCA announced a circular that eases the conditions for becoming a Bullion Trading Member. This decision comes after listening to the industry's concerns and seeks to remove obstacles for new companies trying to enter the market.

What Changed?

In 2021, the rules required that every Bullion Trading Member have at least one employee with a minimum of three years’ experience in the precious metals industry. This rule made it tough for companies to break into the sector.

Now, with the amended criteria in 2025, firms only need one employee with at least two years of experience in related fields, such as securities, foreign exchange, or precious metals. This change significantly lowers the bar for entry into the bullion market.

For example, let’s consider the impact on a Business looking to participate in bullion trading. Previously, a new firm might have struggled to recruit experienced professionals who met the stringent requirements. Now, they can confidently hire someone with two years of experience in securities—broadening their candidate pool and streamlining the onboarding process.

Why This Matters for Bullion Trading Member

The impact of this regulatory change is wide-ranging and significant:

• Lower Barriers to Entry: New companies can now hire from a larger talent pool beyond just those with extensive bullion experience, boosting the chances for growth.

  
  

• Cross-Industry Skill Recognition: With the criteria acknowledging relevant experience from securities and forex trading, companies can draw on diverse skills, enriching the overall quality of trading expertise.

  
  

• Encouragement for Startups & Fintechs: Firms developing innovative trading platforms can build teams more quickly. For instance, a fintech launching a digital bullion platform can hire specialists from the forex sector to accelerate development.

  
  

• Industry Responsiveness: The IFSCA is showing it is engaged with the industry. This flexibility reflects a genuine effort to adapt regulations to meet the real-world needs of market participants.

  
  

Statistics reveal that markets with lower barriers to entry can see participation levels increase by as much as 25%, signaling greater competition and innovation.

Impact on GIFT City

This easing of criteria strengthens GIFT City’s aim to become a leading global bullion hub. By catering to both local and international players, the IFSCA supports a vision where innovation and growth can thrive without the suffocating presence of rigid entry rules.

With these changes, the bullion market in GIFT City is poised for growth. As firms take advantage of the new, more accessible regulations, we can expect a flourishing environment that draws in a variety of participants.

A modern trading floor in GIFT City

Closing Thoughts

The IFSCA's recent updates are more than just regulatory adjustments; they represent a serious commitment to enhancing the market. While adherence to rules remains critical, encouraging growth and accessibility is equally essential.

For companies considering entering the bullion market in GIFT City, the pathway has become clearer, faster, and more achievable. This adjustment not only improves competition but also fosters a spirit of innovation among Bullion Trading Members.

As the market continues to evolve, it will be interesting to see how these regulatory changes influence bullion trading dynamics and contribute to the development of GIFT City as a top financial center. The future is bright, and the IFSCA's proactive stance showcases its dedication to nurturing a diverse and vibrant financial ecosystem.

Ultimately, the streamlined eligibility requirements for Bullion Trading Members symbolize a significant leap forward for GIFT City. This aligns with ongoing trends toward greater inclusivity and adaptability in the financial services industry, setting the stage for a more energized and competitive bullion market.

Disclaimer: This article is for informational purposes only and does not constitute legal, tax, or investment advice. Readers are advised to refer to the official IFSCA circular and consult professional advisors before taking any action.