Perspectives on regulation, markets, compliance and GIFT IFSC
Proposed Amendments under IFSCA(Fund Management Regulations, 2022)
OVERVIEW: The International Financial Services Centres Authority (IFSCA) has released a consultation paper on the ‘Review of IFSCA (Fund Management) Regulations, 2022, which is open for public comment until August 26,…
Read insight →New Dispute Resolution Framework proposed by Expert Panel for GIFT IFSC
OVERVIEW: An expert panel set up for drafting rules for an international arbitration centre at GIFT City has sought changes to arbitration and mediation laws to ensure swifter out-of-court dispute resolution in the…
Read insight →SEBI allows Credit & ESG rating agencies to operate in IFSC GIFT City
OVERVIEW: The Securities and Exchange Board of India (SEBI) has recently made a strategic move to invigorate the financial ecosystem within the International Financial Services Centres Authority (IFSCA) framework.…
Read insight →RBI allows resident Indians to open Foreign Currency Accounts in GIFT IFSC
OVERVIEW: In a new development country's central bank, the Reserve Bank of India has extended its purview of remittances to the International Financial Services centres(IFSC). The RBI widened the scope of the…
Read insight →Clarification on Bullion imports through India International Bullion Exchange(IIBX) at GIFT City
Clarification on Bullion imports through India International Bullion Exchange (IIBX) at GIFT City OVERVIEW: On June 9, 2024, the India International Bullion Exchange (IIBX) issued a new circular detailing significant…
Read insight →SEBI Allows 100% NRI Investment in FPIs at GIFT City
OVERVIEW: SEBI, the Securities and Exchange Board of India, recently announced a significant policy change regarding Foreign Portfolio Investors (FPIs) operating out of the Gujarat International Finance Tec-City (GIFT…
Read insight →IFSCA (BATF) Regulations, 2024
OVERVIEW: On June 6, 2024 the International Financial Services Centres Authority notified the International Financial Services Centres Authority (Book- keeping, Accounting, Taxation and Financial Crime Compliance…
Read insight →Clarification on Broker Dealer Global Access and Fees issued by IFSCA
Clarifications on Broker Dealer Global Access and Fees issued by IFSCA OVERVIEW: The International Financial Service Centres Authority (IFSCA) has released a significant circular concerning clarification regarding…
Read insight →RBI to further internationalise Rupee and Strengthen GIFT City
OVERVIEW: The Reserve Bank of India (RBI) has laid out an extensive plan to internationalise the Indian rupee (INR) and enhance the role of GIFT City in Gujarat as a global financial hub. These initiatives are designed…
Read insight →SEBI approves 100% NRI & OCI participation in FPIs in IFSC GIFT City
OVERVIEW: The Securities & Exchange Board of India (SEBI) has made a significant decision to allow Foreign Portfolio Investors (FPIs) based in the IFSC at GIFT City to accept up to 100% contributions from Non-Resident…
Read insight →IFSCA (Payment Services) (Amendment) Regulations, 2024
IFSC (Payment Services)(Amendment) Regulations, 2024 OVERVIEW: The International Financial Services Centres Authority (IFSCA) has issued an important notification regarding the amendment of the International Financial…
Read insight →Foreign Brokers allowed to operate remotely in IFSC, GIFT City
OVERVIEW- The International Financial Services Centres Authority (IFSCA) has recently issued a significant circular regarding Remote Trading Participants (RTP) on Stock Exchanges within the International Financial…
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