Issuance and listing of IFSC debt securities require exchange prescribed eligibility, FATF jurisdiction limits, and SEBI approved frameworks. Stock exchanges in IFSC must prescribe issuer eligibility and issue requirements for debt securities issued in IFSC and submit these frameworks and any changes to SEBI for approval; exchanges must also prescribe initial and continuous listing requirements including corporate governance and submit them to SEBI. Debt securities issued outside IFSC may be listed only if issued in and by issuers resident in FATF member jurisdictions, with issuers entering listing agreements. Trading and OTC trades must be cleared and settled through IFSC clearing corporations, reported on one IFSC exchange reporting platform within fifteen minutes, and clearing frameworks submitted to SEBI. Persons resident in India are restricted from investing in specified IFSC debt securities except as permitted by the Reserve Bank of India.
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.
Issuance and listing of IFSC debt securities require exchange prescribed eligibility, FATF jurisdiction limits, and SEBI approved frameworks.
Stock exchanges in IFSC must prescribe issuer eligibility and issue requirements for debt securities issued in IFSC and submit these frameworks and any changes to SEBI for approval; exchanges must also prescribe initial and continuous listing requirements including corporate governance and submit them to SEBI. Debt securities issued outside IFSC may be listed only if issued in and by issuers resident in FATF member jurisdictions, with issuers entering listing agreements. Trading and OTC trades must be cleared and settled through IFSC clearing corporations, reported on one IFSC exchange reporting platform within fifteen minutes, and clearing frameworks submitted to SEBI. Persons resident in India are restricted from investing in specified IFSC debt securities except as permitted by the Reserve Bank of India.
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