Executive Summary:
The Securities and Exchange Board of India (SEBI) grants recognition to NSE IFSC Clearing Corporation Limited and NSE IFSC Limited. The recognition for both entities is for one year, commencing on May 29, 2017, and ending on May 28, 2018. Both corporations must comply with conditions specified by SEBI from time to time.
Key Points / Main Content:
NSE IFSC Clearing Corporation Limited:
* Recognition granted under Regulation 4 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012.
* Recognition granted under Section 4 read with subsection 4 of Section 8A of the Securities Contracts Regulation Act, 1956.
* The recognition period is from May 29, 2017, to May 28, 2018.
* Must comply with conditions specified by SEBI.
NSE IFSC Limited:
* Recognition granted under Section 4 of the Securities Contracts Regulation Act, 1956.
* The recognition period is from May 29, 2017, to May 28, 2018.
* Must comply with conditions specified by SEBI.
Impact Analysis:
NSE IFSC Clearing Corporation Limited:
* Impact: Granted recognition as a clearing corporation.
* Action Required: Comply with all conditions specified by SEBI.
NSE IFSC Limited:
* Impact: Granted recognition as a stock exchange.
* Action Required: Comply with all conditions specified by SEBI.
SEBI:
* Impact: Responsible for overseeing and regulating the recognized entities.
* Action Required: Specify and enforce conditions for NSE IFSC Clearing Corporation Limited and NSE IFSC Limited.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body granting recognition to NSE IFSC Clearing Corporation Limited and NSE IFSC Limited.
NSE IFSC Clearing Corporation Limited: Clearing corporation granted recognition under Regulation 4 of the Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which NSE IFSC Clearing Corporation Limited is granted recognition.
Securities Contracts Regulation Act, 1956: Act under which the Securities and Exchange Board of India (SEBI) exercises its powers to grant recognition.
NSE IFSC Limited: Stock exchange granted recognition under Section 4 of the Securities Contracts Regulation Act, 1956.
GIFT SEZ, Gujarat: Location of NSE IFSC Limited's registered office, specifically within the GIFT (Gujarat International Finance Tec-City) Special Economic Zone, Gandhinagar District, Gujarat.
Ajay Tyagi: Chairman of the Securities and Exchange Board of India (SEBI).
Mumbai, Maharashtra: City where the Securities and Exchange Board of India notification was issued.
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EXTRAORDINARY
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PART III—Section 4
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PUBLISHED BY AUTHORITY
la- 230] ubZ fnYyh] c``gLifrokj] twu 1] 2017@T;"sB 11] 1939
No. 230] NEW DELHI, THURSDAY, JUNE 1, 2017/ JYAISTHA 11, 1939
भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूतततत औऔऔऔरररर ििििववववििििननननममममयययय बबबबोोोोडडडड (cid:9)(cid:9) (cid:9)(cid:9)
अअअअििििधधधधससससचचूूचचूू ननननाााा
मु(cid:3)बई, 1 जून, 2017
सससस..ंं..ंं ससससबबेेबबेे ीीीी//// एएएएलललल.... एएएए....डडडडीीीी....----एएएएनननन....आआआआरररर.... ओओओओ....//// जजजजीीीी.... एएएएनननन....//// 2222000011117777----11118888//// 000000007777....————भारतीय (cid:6)ितभूित और िविनमय बोड(cid:13), एनएसई आईएफ़एससी
ि(cid:14)लय(cid:17)रग कॉप(cid:24)रेशन िलिमटेड, यूिनट 46 एवं 47, िग(cid:29)ट ए(cid:31)पायर वन िबज़नेस से$टर, पहली मंिज़ल, %लॉक 12, रोड 1-डी, ज़ोन-1, गांव
(फ़रोज़पुर एवं रतनपूर, िज़ला गाँधीनगर, गुजरात - 382355, *ारा (cid:6)ितभूित संिवदा (िविनयमन) ((cid:31)टॉक ए(cid:14)सच,ज और समाशोधन िनगम)
िविनयम, 2012 के िविनयम 4 के अधीन मा$यता (cid:6)दान करने के आवेदन पर िवचार करते /ए और यह समाधान हो जाने पर (क यह
0ापार के िहत म , होगा, (cid:6)ितभूित बाजार के िहत म , होगा और ऐसा करना लोक िहत म , भी होगा, एत1ारा, (cid:6)ितभूित संिवदा (िविनयमन)
अिधिनयम, 1956 क2 धारा 8क क2 उप-धारा (4) के साथ प3ठत धारा 4 *ारा (cid:6)द5 शि6य7 का (cid:6)योग करते /ए, उ6 समाशोधन िनगम
को मा$यता 29 मई, 2017 को (cid:6)ारंभ होने वाले और 28 मई, 2018 को समा: होने वाले एक वष(cid:13) के िलए इसम ,नीचे किथत शत (cid:13)अथवा जो
इसके प=ात ्िविहत या अिधरोिपत क2 जाय ,के अ@यधीन (cid:6)दान करता ह ै।
• समाशोधन िनगम भारतीय (cid:6)ितभूित और िविनमय बोड(cid:13) *ारा समय-समय पर िविनDदE शतF का अनुपालन करेगा ।
अजय Hयागी, अ@यI
[िवJापन III/4/असा./95/17(69 जैडबी)]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 1st June, 2017
No. SEBI/LAD-NRO/GN/2017-18/007.—The Securities and Exchange Board of India, having considered the
application for grant of recognition under Regulation 4 of the Securities Contracts (Regulation) (Stock Exchanges and
Clearing Corporations) Regulations, 2012 by NSE IFSC Clearing Corporation Limited, Unit No. 46 & 47, GIFT Aspire
One Business Centre, 1st Floor, Block 12, Road 1-D, Zone 1, villages Phirozpur and Ratanpur, District 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 so to do, hereby grants, in exercise of the powers conferred by section 4 read with sub-section
(4) of section 8A of the Securities Contracts (Regulation) Act, 1956, recognition to the said clearing corporation for one
3519 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
year, commencing on the 29th day of May, 2017 and ending on the 28th day of May, 2018, subject to the condition stated
herein below or as may be prescribed or imposed hereafter:
• The Clearing Corporation shall comply with conditions specified by SEBI from time to time.
AJAY TYAGI, Chairman
[ADVT. III/4/Exty./95/17 (69 ZB)]
अअअअििििधधधधससससचचूूचचूू ननननाााा
मु(cid:3)बई, 1 जून, 2017
सससस..ंं..ंं ससससबबेेबबेे ीीीी//// एएएएलललल....एएएए....डडडडीीीी....----एएएएनननन....आआआआरररर.... ओओओओ....//// जजजजीीीी.... एएएएनननन....//// 2222000011117777----11118888//// 000000008888.—भारतीय (cid:6)ितभूित और िविनमय बोड(cid:13), एनएसई आईएफएससी
िलिमटेड, यूिनट 48-53, िग(cid:29)ट ए(cid:31)पायर वन िबज़नेस से$टर, पहली मंिज़ल, %लॉक 12, रोड 1- डी, ज़ोन -1, िग(cid:29)ट एसइजेड, िज़ला
गाँधीनगर, गुजरात – 382355, म, ि(cid:31)थत ह,ै *ारा (cid:6)ितभूित संिवदा ( िविनयमन ) अिधिनयम, 1956, के िविनयम 4 के अधीन मा$यता
(cid:6)दान करने के आवेदन पर िवचार करते /ए और यह समाधान हो जान ेपर (क यह 0ापार के िहत म ,होगा, (cid:6)ितभूित बाजार के िहत म ,
होगा और ऐसा करना लोक िहत म , भी होगा, एत1ारा, (cid:6)ितभूित संिवदा ( िविनयमन ) अिधिनयम, 1956 क2 धारा 4 के अधीन (cid:6)द5
शि6य7 का (cid:6)योग करते /ए, उ6 ए(cid:14)सच,ज को मा$यता 29 मई, 2017 को (cid:6)ारंभ होन ेवाले और 28 मई, 2018 को समा: होने वाले एक
वष(cid:13) के िलए इसम, नीचे किथत शत(cid:13) अथवा जो इसके प=ात् िविहत या अिधरोिपत क2 जाय, के अ@यधीन (cid:6)दान करता ह ै:
• ए(cid:14)सच,ज भारतीय (cid:6)ितभूित और िविनमय बोड(cid:13) *ारा समय-समय पर िविनDदE शतF का अनुपालन करेगा ।
अजय Hयागी, अ@यI
[िवJापन III/4/असा./95/17(69 जैडबी)]
NOTIFICATION
Mumbai, the 1st June, 2017
No. SEBI/LAD-NRO/GN/2017-18/008.—The Securities and Exchange Board of India, having considered the
application for recognition made under section 3 of the Securities Contracts (Regulation) Act, 1956 by NSE IFSC Limited,
having its registered office at Unit No. 48 to 53,GIFT Aspire One Business Centre, 1st floor, Block 12, Road 1-D, Zone -
1, GIFT SEZ, District Gandhinagar, Gujarat - 382355 and being satisfied that it would be in the interest of trade and also
in the public interest so to do, hereby grants, in exercise of the powers conferred under Section 4 of the Securities
Contracts (Regulation) Act, 1956, recognition to the said stock exchange under Section 4 of the said Act for a period of
one year commencing on the 29th day of May, 2017 and ending on the 28th day of May, 2018 subject to the condition
stated herein below or as may be prescribed or imposed hereafter:
• The Exchange shall comply with conditions specified by SEBI from time to time.
AJAY TYAGI, Chairman
[ADVT. III/4/Exty./95/17 (69 ZB)]
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