In exercise of the powers conferred by sub section 1 of Section 28 read with sub section 1 of Section 12 and sub section 1 of Section 13 of the International Financial Services Centres Authority Act

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 469] NEW DELHI, TUES DAY, JULY 4, 2023/ASHADHA 13, 194 5 CG-GJ-E-04072023-247020 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 3 rd July, 2023 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY ( CAPITAL MARKET INTERMEDIARIES ) (AMENDMENT) REGULATIONS, 202 3 IFSCA/2023 -24/GN/REG040 .—In exercise of the powers conferred by sub -section (1) of Section 28 read with sub -section (1) of Section 12 and sub -section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, Section 28C of the Securities and Exchange B oard of India Act, 1992, the International Financial Services Centres Authority hereby makes the following regulations , further to amend the International Financial Services Centres Authority ( Capital Market Intermediaries ) Regulations, 202 1, (hereinafter referred to as the Principal Regulations), namely: - 1. (1) These regulations may be called the International Financial Services Centres Authority ( Capital Market Intermediaries ) (Amendment) Regulations, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In regulation 2 of the Principal Regulations, after clause (g) of sub-regulation ( 1), the following clause (ga) shall be inserted , namely :— “ “capital market intermediary” means an intermediary referred to in regulation 3 and is registered with the Authority under these regulations; ” 3. In regulation 2 of the Principal Regulations, after clause (o) of sub-regulation (1), the following clause (oa ) shall be inserted, namely: — “ “distributor” means a person who for remuneration engages with clients on behalf of an issuer or a service provider to facilitate investment or subscription into “capital market products ” or “capital market services ”, as defined under circular no.817/IFSCA/Distribution/2022 -23 dated December 21, 2022 issue d by the Authority ;” 4. In regulation 2 of the Principal Regulations, after clause (dd) of sub-regulation (1), the following clause (dda) shall be inserted, namely: — “ “registered distributor” means a distributor registered with the Authority under these regulations;” 5. In regulation 3 of the Principal Regulations, in clause (g) under sub -regulation (1), the word “and” shall be omitted. 6. In regulation 3 of the Principal Regulations, after clause (g) of sub-regulation (1), the following clause (ga) shall be inserted, namely: — “Distributors; and” INJETI SRINIVAS , Chairperson [ADVT. -III/4/Exty./ 250/2023 -24] Note: 1. The International Financial Services Centres Authority ( Capital Market Intermediaries ) Regulations, 202 1 were published in the Gazette of India : Extraordinary vide notification No. IFSCA/2021 -22/GN/REG0 18 on 18th October 2021. Uploaded by Dte . of Printing at Government of India Press, Ring Road, Mayapuri, New Del hi-110064 and Published by the Controller of Publications, Delhi -110054 .