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Date: 09-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

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

Issued by International Financial Services Centres Authority · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the renewal of recognition for India International Exchange (IFSC) Limited (India INX) as a securities exchange by the International Financial Services Centres Authority (IFSCA).
  • The renewal is for a period of one year, starting December 29, 2024, and ending December 28, 2025.

Key Changes

  • The International Financial Services Centres Authority (IFSCA) has renewed the recognition of India International Exchange (IFSC) Limited for one year.
  • This renewal is effective from December 29, 2024 to December 28, 2025.
  • The exchange must comply with all conditions specified by IFSCA from time to time.
  • The renewal is granted under Section 12 of The International Financial Services Centres Authority Act, 2019 and Section 4 of the Securities Contracts (Regulation) Act, 1956, read with regulation 9 of the IFSCA (Market Infrastructure Institutions) Regulations, 2021.

Impact Analysis

India International Exchange (IFSC) Limited

  • Failure to comply with IFSCA conditions will have an adverse impact on operations.

Investors and Market Participants

  • Market participants should be aware of the conditions that IFSCA may impose on the exchange.

Regulatory Bodies

  • IFSCA will have the authority to impose additional conditions on the exchange during the renewal period.

Action Items

  • India INX should maintain open communication with IFSCA to address any concerns or queries.

Key Entities Referenced

International Financial Services Centres Authority (IFSCA): The regulatory body responsible for the development and regulation of financial services in International Financial Services Centres (IFSCs) in India. IFSCA has granted the renewal of recognition to India INX. India International Exchange (IFSC) Limited (India INX): A recognized stock exchange operating in the GIFT City IFSC. The gazette notification is regarding the renewal of its recognition. The International Financial Services Centres Authority Act, 2019: The Act that established IFSCA and provides the legal framework for its operations. Section 12 of this act is used to grant the renewal. Securities Contracts (Regulation) Act, 1956: The Act that governs the regulation of securities contracts in India. Section 4 of this act is used to grant the renewal. International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021: Regulations issued by IFSCA that govern market infrastructure institutions. Regulation 9 and 12 is referenced in the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-जी.जे.-अ.-09012025-260093 xxxGIDHxxx CG-GJ-E-09012025-260093 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 29] नई दि्ली, बृहस्ट्प जतिार, िनिरी 9, 2025/पौर् 19, 1946 No. 29] NEW DELHI, THURSDAY, JANUARY 9, 2025/PAUSHA 19, 1946 अतं रराष्ट्रीय जित्तीय सिे ा केंद्र प्राजधकरण अजधसचू ना गांधीनगर, 30 दिसम् बर, 2024 आई.एफ.एस.सी.ए./इंजडया आई.एन.एक्स/नवीकरण/2024-25.—अंतरराष्ट्रीय जित्तीय सेिा केन्द्द्र प्राजधकरण (आई.एफ.एस.सी.ए.), इंजडया इंटरनेिनल एक्सचेंि (आई.एफ.एस.सी.) जलजिटेड, प्रथि तल, यूजनट सं. 101, दि जसग्नेचर जबल्डंग सं. 13बी, रोड 1सी, जोन 1, जगफ्ट सेज, जगफ्ट जसटी गांधीनगर-382355 द्वारा अंतरराष्ट्रीय जित्तीय सेिा केन्द्द्र प्राजधकरण (बाजार अिसंरचना संस्ट्था) जिजनयि, 2021 के जिजनयि 12 के अधीन िान्द्यता का निीकरण प्रिान करने के जलए दकए गए आिेिन पर जिचार करने और यह सिाधान हो िाने के पश्चात् दक ऐसा करना व्यापार के जहत िें, प्रजतभूजत बाजार के जहत िें और लोक जहत िें भी होगा, अंतरराष्ट्रीय जित्तीय सेिा केन्द्द्र प्राजधकरण (बाजार अिसंरचना संस्ट्था) जिजनयि, 2021 के जिजनयि 9 के साथ पठित अंतरराष्ट्रीय जित्तीय सेिा केन्द्द्र प्राजधकरण अजधजनयि, 2019 की धारा 12 और प्रजतभूजत संजििा (जिजनयिन) अजधजनयि, 1956 की धारा 4 द्वारा प्रित्त िजियों का प्रयोग करते हुए, उसे 29 दिसम्बर, 2024 से प्रारंभ होने िाली और 28 दिसम्बर, 2025 को सिाप्त होने िाली एक िर्ष की अिजध के जलए, इसिें इसके नीचे कजथत ितों या इसके पश्चात् जिजहत या अजधरोजपत की िाने िाली ितों के अधीन रहते हुए, प्रजतभूजतयों िें संजििाओं की बाबत उि एक्सचेंि की िान्द्यता का निीकरण िंिूर करता ह ै: ▪ एक्सचेंि, आई.एफ.एस.सी.ए. द्वारा सिय-सिय पर जिजनर्िषष्ट ितों का अनुपालन करेगा । के. राजारमन, अध्यक्ष [जिज्ञापन-III/4/असा./883/2024-25] 229 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 30th December, 2024 IFSCA/India INX/Renewal/2024-25.—The International Financial Services Centres Authority (IFSCA), having considered the application for grant of renewal of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by India International Exchange (IFSC) Limited, 1st Floor, Unit No. 101, The Signature Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-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 and section 4 of the Securities Contracts (Regulation) Act, 1956 read with regulation 9 of the IFSCA (Market Infrastructure Institutions) Regulations, 2021, renewal of recognition to the said Exchange for one year, commencing on the 29th day of December, 2024 and ending on the 28th day of December, 2025 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 specified by IFSCA from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./883/2024-25] 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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