Recognition requirement: entities must obtain Board permission before organising or operating securities-market services in IFSCs. Entities proposing to organise or assist in organising exchanges, clearing corporations, depositories, or to provide other securities-market financial ... Summary
Recognition requirement: entities must obtain Board permission before organising or operating securities-market services in IFSCs.
Entities proposing to organise or assist in organising exchanges, clearing corporations, depositories, or to provide other securities-market financial services in an IFSC must be recognised and obtain the Board's permission, comply with applicable registration or recognition requirements, and are subject to applicable securities laws; these Guidelines are subject to the Government of India's foreign investment guidelines.
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