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Core Purpose

IFSCA renews recognition for India International Exchange (IFSC) for one year, subject to conditions.

Detailed Summary

The International Financial Services Centres Authority (IFSCA) grants a one-year renewal of recognition to India International Exchange (IFSC) Limited as a Market Infrastructure Institution. This renewal is effective from December 29, 2024, to December 28, 2025, and is granted under IFSCA regulations of 2021, and relevant sections of acts from 2019 and 1956. The renewal is subject to conditions specified by IFSCA and pertains to contracts in securities, deemed by IFSCA to be in the interest of trade, securities market, and public interest.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-09012025-260093 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 29] NEW DELHI, THURSDAY, JANUARY 9, 2025/PAUSHA 19, 1946 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 30th December, 2024 IFSCA/India INX/Renewal/2024-25.β€”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, 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 Exchange shall comply with conditions specified by IFSCA from time to time. K. RAJARAMAN, Chairperson [ADVT.-III/4/Exty./883/2024-25]

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