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of <h1>SEBI Clarifies IBUs Can Operate as Trading or Clearing Members in IFSC Without Forming Separate Companies.</h1> The Securities and Exchange Board of India (SEBI) issued a circular on April 27, 2017, clarifying that International Financial Services Centre (IFSC) Banking Units (IBUs) can operate as Trading Members or Professional Clearing Members on stock exchanges or clearing corporations within the IFSC. This is in accordance with the SEBI Guidelines of 2015 and does not require the formation of a separate company, provided conditions set by the Reserve Bank of India are met. This measure aims to protect investors and promote the securities market's development and regulation.
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