IFSC-regulated securities issued by Foreign Portfolio Investors are now included under securities regulation via the recent amendment. The amendment adds a clause to section 18A classifying securities regulated by the International Financial Services Centres Authority in an International Financial Services Centre and issued by a Foreign Portfolio Investor as within the Securities Contracts (Regulation) Act, with 'Foreign Portfolio Investor' defined by the Foreign Exchange Management (Non-debt Instruments) Rules, 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IFSC-regulated securities issued by Foreign Portfolio Investors are now included under securities regulation via the recent amendment.
The amendment adds a clause to section 18A classifying securities regulated by the International Financial Services Centres Authority in an International Financial Services Centre and issued by a Foreign Portfolio Investor as within the Securities Contracts (Regulation) Act, with "Foreign Portfolio Investor" defined by the Foreign Exchange Management (Non-debt Instruments) Rules, 2019.
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