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Indian, foreign entities can act as trading members on IFSC exchanges: Sebi

Aims at further streamlining the operations at IFSC, is based on the internal discussions and consultations held with the stakeholders

Press Trust of India  |  New Delhi 

Indian, foreign entities can act as trading members on IFSC exchanges: Sebi

regulator today said Indian and foreign entities can set-up a company in to act as trading members of stock exchanges.

The same rule will be applicable to such entity keen on operating as clearing member of a clearing corporation in the International Financial Services Centre (IFSC).


The decision, aimed at further streamlining the operations at IFSC, is based on the internal discussions and consultations held with the stakeholders.

"Any entity based in India or in a foreign jurisdiction may form a company in to act as a of a stock exchange and or a clearing member of a clearing corporation in IFSC," said in a circular.

Earlier, the guidelines said that trading members and clearing members desirous of operating in as an intermediary would form a company to provide such financial services relating to securities market.

in Gujarat is being developed as the country's first to enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other international financial centres in the world.

In July, had announced that a domestic or foreign bourse can set up an exchange in the with at least 51% stake while the remaining can be held by other exchanges or banks, among others, with an individual cap of 15%.

Under the regime, any recognised domestic or foreign stock exchange can set up a subsidiary in the international financial services centre (IFSC) to offer services, provided they hold at least 51% stake in the venture.

First Published: Tue, October 17 2017. 23:15 IST
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