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Core Purpose

Notification renewing the recognition of India International Exchange (IFSC) Limited as a recognized stock exchange for securities contracts for one year under Regulation 12 of the IFSCA (Market Infrastructure Institutions) Regulations, 2021.

Detailed Summary

Via notification IFSCA/India INX/Renewal/2023-24 dated 28th December 2023, the International Financial Services Centres Authority (IFSCA), having considered the renewal application under Regulation 12 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 filed by India International Exchange (IFSC) Limited (India INX), located at GIFT SEZ, GIFT City, Gandhinagar-382355, and being satisfied it was in the interest of trade, the securities market and the public interest, granted renewal of recognition in exercise of powers 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. The renewal covers a one-year period commencing 29th December 2023 and ending 28th December 2024, for contracts in securities, subject to conditions the IFSCA may specify or impose from time to time. Signed by K. Rajaraman, Chairperson (ADVT.-III/4/Exty./659/2023-24).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-02012024-251077 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 05] NEW DELHI, MONDAY, JANUARY 1, 2024/PAUSHA 11, 1945 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 28th December, 2023 IFSCA/India INX/Renewal/2023-24.—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, 2023 and ending on the 28th day of December, 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 specified by IFSCA from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./659/2023-24]

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