Gazette Tracker
Gazette Tracker

Core Purpose

The International Financial Services Centres Authority grants recognition to NSE IFSC Clearing Corporation Limited for three years, from May 29, 2025, to May 28, 2028, for contracts in securities.

Detailed Summary

The International Financial Services Centres Authority (IFSCA) issued a notification on May 29, 2025 (F. No. IFSCA/NICCL/Renewal/2025-26), granting recognition to NSE IFSC Clearing Corporation Limited, located at Unit No. 1202, Brigade International Financial Centre, 12th Floor, Building No. 14-A, Block 14, Zone-1, GIFT SEZ, Gandhinagar, Gujarat- 382355. This recognition, for contracts in securities, is valid for a period of three years, commencing on May 29, 2025, and concluding on May 28, 2028. The decision was made after considering an application for recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021, and in exercise of 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. The grant is subject to the Clearing Corporation complying with conditions as specified by IFSCA from time to time.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-04062025-263606 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 408] NEW DELHI, MONDAY, JUNE 2, 2025/JYAISTHA 12, 1947 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 29th May, 2025 F. No. IFSCA/NICCL/Renewal/2025-26.—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 three years, commencing on the 29th day of May 2025 to 28th day of May 2028 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./142/2025-26]

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free