Cracking its whip on the Ponzi schemes in the market, the Centre in February introduced the ‘Banning of the Unregulated Deposit Schemes Ordinance’. While it initially appeared that the ordinance would cover all unregulated schemes, it has turned out that gold schemes run by jewellers could be out of the net. Jewellers — big and small — continue to raise money through gold schemes in which customers contribute a fixed sum for 11 months, and at the end jewellers contribute the last installment & client can buy jewellery for the accumulated value. Many jewellers are sole proprietors or run the business as a partnership firm, thus operating in a regulatory vacuum.