> Base Minimum Capital Requirement (BMC)
Base Minimum Capital Requirement (BMC)
The BMC for initial 6 months
from the date of operationalization of IIBX shall be as under:
- For entities incorporated in India (including IFSC
|Only Proprietary trading without Algorithmic trading
|Trading only on behalf of Client (without Proprietary trading)
and without Algo
|Proprietary trading and trading on behalf of Client without
|All Trading Members/Brokers with Algo
- For Foreign Entities
The BMC shall be minimum of USD 75,000 as prescribed by IFSCA vide its circular ref.
no.329/IFSCA/Bullion MIIs/2021 dated September 17, 2021.