GIFT City - Page 4 of 4 - Regulation Asia

NSE Takes Legal Action to Prevent SGX India Derivatives Launch

NSE is seeking to prevent SGX from launching India equity derivative products in June; NSE previously terminated its data sharing agreement with SGX for its Nifty futures offering.

May 24, 2018

402

India

BSE Receives US SEC “Designated Offshore Securities Market” Status

Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.

May 17, 2018

385

India

Indian Exchanges Seek CFTC Approval for GIFT City Derivatives

NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

May 4, 2018

515

AML / KYC

SEBI Mulling Omnibus Accounts for Gift City

Omnibus accounts will allow bank clients to trade without undergoing standard KYC procedures and help boost trading from offshore participants.

March 3, 2018

411

India

India Allows Cash as Collateral for GIFT City Trading

Foreign securities and gold also eligible, but cash and cash equivalents will need to form 50 percent of total liquid assets at all times.

February 23, 2018

607

India

SGX to Develop New India Derivative Products

New products will allow SGX participants to maintain exposure to India’s capital markets, following the decision to stop issuing market data licenses to overseas exchanges.

February 20, 2018

618

India