IFSCA permits registered broker-dealers to provide market access to investors

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  • Last Updated on 3 May, 2022

Broker Dealers registered with IFSCA;

Circular No. IFSCA/CMD-DMIIT/AP/2022-23/1, Dated 29.04.2022

IFSCA vide circular no. F.No. 68/IFSCA/MRD-AP/2020-21 dated Oct 14, 2020, had permitted Broker-Dealers (registered with IFSCA) of the stock exchanges to provide market access to investors through Authorized Persons based in foreign jurisdictions and also to provide the regulatory framework governing the market access through Authorized Persons.

Based upon the representation received from various stakeholders and with a view to expand the depth and reach of the capital markets in IFSC and enable access to resident Indian investors through Liberalized Remittance Scheme (LRS) route, for exchange-traded securities in IFSC. The IFSCA has permitted the IFSCA registered Broker-Dealers to provide market access to investors through Authorized Persons based in India.

IFSCA further clarified that all other terms and conditions specified in the regulatory framework governing market access through Authorized Persons, specified in the IFSCA circular dated October 14, 2020, shall continue to apply.

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