IFSC definitions clarify recognised entities, issuer eligibility and foreign jurisdiction criteria for cross-border securities activities. The Guidelines define key terms for IFSC securities activity: Financial institution broadly includes companies, firms, associations and other juridical persons engaged in financial or securities services, with an explicit non-exhaustive list of entity types. Foreign jurisdiction is limited to jurisdictions party to IOSCO MMOU or bilateral MoUs with the Board and not identified by FATF for strategic deficiencies. Issuer covers Indian companies raising foreign currency with FEMA or exchange-control approval and foreign companies. Recognised entity are intermediaries registered with the Board or foreign regulators, subject to fit-and-proper norms; 'securities laws' aggregates the Act and related statutes.