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    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?
    A The Trading Members Correct Answer Incorrect Answer
    B The Clearing Members Correct Answer Incorrect Answer
    C The Bullion Exchange Correct Answer Incorrect Answer
    D The IFSCA itself Correct Answer Incorrect Answer
    E The Clients of Broker Dealers Correct Answer Incorrect Answer

    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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