IFSCA on April 1, 2024 has issued amendment to the IFSCA (Vault Manager) Circular, 2021 dated August 25, 2021. The amendment provides that a registered Vault Manager may make an application in such form and manner as may be specified by the Authority for registration of additional vault(s) under its existing registration.
No additional security deposit shall be required in case of registration of additional vault(s) under the existing registration of the registered Vault Manager. The security deposit furnished by the Vault Manager with the bullion depository shall continue to be retained until such time as the Vault Manager surrenders the certificates of registration for all its vaults registered with the Authority.
