IFSCA has allowed IFSCA-registered non-bank entities, registered with SEBI as Foreign Portfolio Investors (FPIs), to issue Derivative Instruments with Indian securities as underlying, in GIFT-IFSC.
Banking & Finance
IFSCA has allowed IFSCA-registered non-bank entities, registered with SEBI as Foreign Portfolio Investors (FPIs), to issue Derivative Instruments with Indian securities as underlying, in GIFT-IFSC. Further, the entity issuing such Derivative Instruments in GIFT-IFSC must ensure compliance with the requirements on issuance of ODIs, issued by SEBI and IFSCA, from time to time. Also, the entity must furnish requisite information to the Clearing Corporations in GIFT-IFSC in the format as may be prescribed, latest by the 10th day of every month.
International Financial Services Centres Authority (IFSCA)
HQ- GIFT City, Gandhinagar in Gujarat
Chairman- K. Rajaraman
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