Electronic trading platform definitions establish the scope of eligible instruments, participants, market abuse, and regulatory terms for IFSC market operations. Electronic Trading Platforms in an IFSC facilitate regular participant offers to buy, sell or exchange eligible instruments and may enable their clearing ... Summary
International Financial Services Centres Authority Act, 2019
Electronic trading platform definitions establish the scope of eligible instruments, participants, market abuse, and regulatory terms for IFSC market operations.
Electronic Trading Platforms in an IFSC facilitate regular participant offers to buy, sell or exchange eligible instruments and may enable their clearing and settlement. Eligible Instruments include securities, money market instruments, foreign exchange, derivatives and comparable specified instruments, including certain Indian-rupee-denominated instruments settled in foreign currency. Market Abuse covers manual or algorithmic conduct intended to disadvantage participants, distort pricing, or create artificial supply and demand. Net Worth is calculated from specified capital and reserves, subject to prescribed exclusions and conditions for compulsorily convertible preference shares.
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