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Core Purpose

Notification by the International Financial Services Centres Authority granting one-year recognition to NSE IFSC Clearing Corporation Limited as a recognized clearing corporation under Regulation 12 of the IFSCA (Market Infrastructure Institutions) Regulations, 2021.

Detailed Summary

The International Financial Services Centres Authority (IFSCA), by Notification No. IFSCA/2020-21/NICCL/245 dated 29th May 2024 from Gandhinagar and signed by K. Rajaraman, Chairperson, having considered the application of NSE IFSC Clearing Corporation Limited (Unit No. 1202, Brigade International Financial Centre, GIFT SEZ, Gandhinagar, Gujarat-382355) for recognition under Regulation 12 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021, and being satisfied it would serve the interest of trade, the securities market and the public interest, granted recognition to the said Clearing Corporation for a period of one year, from 29th May 2024 to 28th May 2025, in respect of contracts in securities, exercising powers under section 12 of the International Financial Services Centres Authority Act, 2019 and section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, subject to conditions specified by IFSCA from time to time.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-04062024-254528 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 387] NEW DELHI, MONDAY, JUNE 3, 2024/JYAISHTHA 13, 1946 THE GAZETTE OF INDIA: EXTRAORDINARY [PART III—SEC.4] INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 29th May, 2024 No. IFSCA/2020-21/NICCL/245–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 Clearing Corporation Limited, Unit No. 1202, 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 and section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, recognition to said Clearing Corporation for one year, commencing on the 29th day of May 2024 to 28th day of May 2025 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter: • The Clearing Corporation shall comply with conditions as specified by IFSCA from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./156/2024-25]

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