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of <h1>SEBI Clarifies Exemption for IFSC Stock Exchanges on Liquidity Enhancement Scheme; Exemption Applies to All Traded Products.</h1> The Securities and Exchange Board of India (SEBI) issued a circular clarifying the exemption granted to stock exchanges in International Financial Services Centres (IFSC) regarding the Liquidity Enhancement Scheme (LES). The exemption, initially outlined in a previous circular from August 10, 2017, allows these exchanges to bypass certain clauses from an April 2014 circular, subject to conditions. This exemption applies to all products traded within the IFSC. The circular is issued under the authority of the SEBI Act, 1992, aiming to protect investor interests and promote market development and regulation.
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