Recognition renewal: clearing corporation authorised for a limited period subject to regulator prescribed compliance conditions and public interest. Renewal of recognition is granted to India International Clearing Corporation (IFSC) Ltd under the statutory framework for clearing corporation recognition, subject to continuing fulfillment of statutory and regulatory requirements. The recognition is time limited and conditional; the clearing corporation must comply with conditions specified by the regulator from time to time, and the grant is made on the stated bases of trade interest, securities market interest and public interest.