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Date: 26-May-2023 Category: Extra Ordinary State: Union Government Country: India

The International Financial Services Centres Authority, having considered the application for grant of recognition under Regulation

Issued by International Financial Services Centres Authority · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification issued by the International Financial Services Centres Authority (IFSCA) renews the recognition of NSE IFSC Limited as an exchange for a period of one year, from May 29, 2023, to May 28, 2024.

Key Changes

  • IFSCA has renewed the recognition of NSE IFSC Limited as an exchange for one year.
  • The renewed recognition is effective from May 29, 2023, to May 28, 2024.
  • The recognition is subject to the condition that the Exchange shall comply with the conditions as specified by IFSCA from time to time.

Impact Analysis

NSE IFSC Limited

  • NSE IFSC Limited must ensure compliance with all conditions specified by IFSCA to maintain its recognition.

Investors and Market Participants

  • Market participants should be aware of any conditions or directives issued by IFSCA that may affect trading activities on the exchange.

IFSCA

  • IFSCA will monitor NSE IFSC Limited's compliance with the specified conditions.

Suggested Action Items

  • IFSCA: Continue to monitor and enforce compliance to maintain market integrity and investor protection.

Key Entities Referenced

International Financial Services Centres Authority (IFSCA): The regulatory authority responsible for the development and regulation of financial services in International Financial Services Centres in India. NSE IFSC Limited: A market infrastructure institution operating within the GIFT SEZ, Gandhinagar, Gujarat. Securities Contracts (Regulation) Act, 1956: An act of the Parliament of India to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith and incidental thereto International Financial Services Centres Authority Act, 2019: An act of the Parliament of India to provide for the establishment of the International Financial Services Centres Authority to develop and regulate the financial services market in the International Financial Services Centres in India and for matters connected therewith or incidental thereto. International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021: Regulations pertaining to Market Infrastructure Institutions
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-जी.जे.-अ.-26052023-246114 xxxGIDHxxx CG-GJ-E-26052023-246114 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 350] नई ददल्ली, िुक्रिार, मई 26, 2023/ज्य ष्े ि 5, 1945 No. 350] NEW DELHI, FRIDAY, MAY 26, 2023/JYAISHTHA 5, 1945 अतं रराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण अजधसचू ना गांधीनगर, 24 मई, 2023 स.ं आईएफएससीए/2020-21/एनएसई-आईएफएससी/262.—अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण, अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बािार अिसंरचना संस्ट्थान) जिजनयम, 2021 के जिजनयम 12 के अधीन मान्यता प्रदान करने के जलए एनएसई आईएफएससी जलजमटेड, इकाई संख्या 1201, जिगेड इंटरनिे नल फाइनेंजियल सेंटर, 12िां तल, भिन संख्या 14-क, ब्लॉक 14, िोन-1, जगफ्ट एसईिडे , गांधीनगर, गुिरात- 382355 द्वारा ददए गए आिेदन पर जिचार करन े के बाद और इस बात से संतष्टु होन े पर दक ऐसा करना व्यापार के जहत में, प्रजतभूजत बािार के जहत म ें और सािविजनक जहत में भी होगा, प्रजतभूजत अनुबंध (जिजनयमन) अजधजनयम, 1956 की धारा 4 के साथ पठित और अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण अजधजनयम, 2019 की धारा 12 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, प्रजतभूजतयों में अनुबंधों के संबंध में नीचे दी गई ितों के अध्यधीन या िैसा भी जनधावठरत दकया िाएगा या इसके बाद आरोजपत दकया िाएगा, उि एक्सचेंि की मान्यता का निीनीकरण एक िर् व अथावत 29 मई 2023 से 28 मई 2024 तक की अिजध के जलए प्रदान करता ह:ै • एक्सचेंि समय-समय पर आईएफएससीए द्वारा यथा-जनर्ददष्ट ितों का पालन करेगा। इंिेती श्रीजनिास, अध्यक्ष [जिज्ञापन-III/4/असा./131/2023-24] 3367 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th May, 2023 No. IFSCA/2020-21/NSE-IFSC/262.—The International Financial Services Centres Authority, having considered the application for grant of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by NSE IFSC Limited, Unit No. 1201, Brigade International Financial Centre, 12th Floor, Building No. 14-A, Block 14, Zone-1, GIFT SEZ, Gandhinagar, Gujarat- 382355, and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest to do so, hereby grants, in exercise of the powers conferred by section 12 of the International Financial Services Centres Authority Act, 2019 read with section 4 of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to said Exchange for one year, commencing on the 29th day of May 2023 to 28th day of May 2024 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter:  The Exchange shall comply with conditions as specified by IFSCA from time to time. INJETI SRINIVAS, Chairperson [ADVT.-III/4/Exty./131/2023-24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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