According to SEBI, entities can offer financial services in Gift City in connection with the securities market without forming a separate company.
February 28, 2020Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.
February 4, 2020The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.
January 21, 2020Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.
January 13, 2020IFSC Banking Units will be allowed to open foreign currency current accounts for entities operating in Gift City, including non-resident institutional investors and corporate borrowers.
December 26, 2019In addition to regulating Gift City, the new authority will be responsible for any other international financial services centre set up in India in the future.
December 17, 2019The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.
December 10, 2019Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.
December 2, 2019Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.
October 12, 2019The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.
August 10, 2019