IFSCA Allows SEBI-Registered Non-Bank Entities as FPIs to Issue Derivative Instruments in GIFT-IFSC

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  • Last Updated on 6 May, 2024

SEBI-registered non-bank FPIs

Circular No. IFSCA/CMD-DMIIT/NBE-DI/2024-25/001; Dated: 02.05.2024

IFSCA has allowed IFSCA-registered non-bank entities, registered with SEBI as Foreign Portfolio Investors (FPIs), to issue Derivative Instruments with Indian securities as underlying, in GIFT-IFSC. Presently, the Authority permitted IFSC Banking Units, registered with SEBI as FPIs to issue Derivative Instruments with Indian securities as underlying in GIFT-IFSC.

Further, the entity issuing such Derivative Instruments in GIFT-IFSC must ensure compliance with the requirements on issuance of ODIs, issued by SEBI and IFSCA, from time to time.

Also, the entity must furnish requisite information to the Clearing Corporations in GIFT-IFSC in the format as may be prescribed, latest by the 10th day of every month.

Click Here To Read The Full Circular

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