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of <h1>SEBI Amends 2015 Guidelines: New Eligibility and Shareholding Limits for Clearing Corporations in IFSCs Effective August 2020.</h1> The Securities and Exchange Board of India (SEBI) has amended the 2015 guidelines for International Financial Services Centres (IFSC). The amendment, effective August 7, 2020, modifies clause 4 (2) to establish eligibility and shareholding limits for clearing corporations operating in IFSCs. Indian or foreign recognized stock exchanges or clearing corporations must form a subsidiary with at least 51% equity share capital. Other entities may hold up to 5% equity, while certain financial institutions can hold up to 15%. Compliance with relevant regulations is required. This amendment aims to protect investors and regulate the securities market.
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