Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 - IFSC Banking Units (IBUs) acting as Trading Member or Professional Clearing Member on stock exchanges/clearing corporations in IFSC
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IFSC Banking Units permitted to act as trading or clearing members if they meet banking-regulator conditions and compliance requirements. IFSC Banking Units in an International Financial Services Centre may act as Trading Members of exchanges or as Professional Clearing Members of clearing corporations in the IFSC without forming a separate company, provided they comply with the conditions specified by the banking regulator and related compliance, prudential and organisational requirements set for IBUs under the IFSC framework.
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 Banking Units permitted to act as trading or clearing members if they meet banking-regulator conditions and compliance requirements.
IFSC Banking Units in an International Financial Services Centre may act as Trading Members of exchanges or as Professional Clearing Members of clearing corporations in the IFSC without forming a separate company, provided they comply with the conditions specified by the banking regulator and related compliance, prudential and organisational requirements set for IBUs under the IFSC framework.
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