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Core Purpose

Grants renewal of recognition to India International Clearing Corporation (IFSC) Limited as a Market Infrastructure Institution for one year.

Detailed Summary

The International Financial Services Centres Authority (IFSCA) grants renewal of recognition to India International Clearing Corporation (IFSC) Limited as a Market Infrastructure Institution. This renewal, under Regulation 12 of IFSCA Regulations 2021, is for one year, from December 29, 2024 to December 28, 2025. The decision is based on trade, securities market, and public interest, authorized by Section 12 of the IFSCA Act, 2019 and Section 8A(4) of the Securities Contracts (Regulation) Act, 1956. The Clearing Corporation must comply with conditions specified by IFSCA.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-09012025-260092 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 28] NEW DELHI, THURSDAY, JANUARY 9, 2025/PAUSHA 19, 1946 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 30th December, 2024 IFSCA/India ICC/Renewal/2024-25.—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 Clearing Corporation (IFSC) Limited, 1st Floor, Unit No. 102, 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 sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956 read with regulation 9 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021, renewal of recognition to the said Clearing Corporation for one year, commencing on the 29th day of December, 2024 and ending on the 28th day of December, 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 specified by IFSCA from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./882/2024-25]

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