Electronic trading platform definitions establish eligible instruments, participant conduct, net-worth computation, and statutory interpretation for IFSC trading.
Regulation 2 defines the framework for electronic trading platforms in an IFSC, including Eligible Instruments, Electronic Trading Platforms, ETP Operators, Participants, Algorithmic Trading Systems, Market Abuse, and Net Worth. Eligible Instruments include specified financial instruments and Indian Rupee-denominated instruments settled in foreign currency. Market Abuse covers conduct intended to disadvantage participants, distort pricing, or create artificial supply and demand. Net Worth includes specified capital and reserve components subject to prescribed exclusions, while undefined terms adopt meanings under relevant financial, banking, and corporate laws.
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