All posts tagged "IFSC"
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772IndiaIFSCA Approves Bullion Trading Regulations for Gift City
The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.
November 2, 2020 -
1.2KIndiaIndia: Gift City Regulator Targets International Retail Business
A new panel has been appointed to provide recommendations on attracting international retail business to Gift City, India’s international financial services centre.
August 11, 2020 -
962India
SEBI Allows Foreign Stock Exchanges to Set Up in Gift City
Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.
July 14, 2020 -
823IndiaRBI Directs IFSC Banking Units to Report OTC Trades to CCIL
IFSC banking units are required to report their OTC foreign exchange, interest rate and credit derivative transactions to CCIL's reporting platform from 1 June.
May 20, 2020 -
771India
India Brings to Life Unified Regulator for IFSCs
The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.
April 29, 2020 -
607IndiaSEBI Lowers Net Worth Requirement for Gift City Investment Advisers
The net worth requirement has been lowered to $700,000 from $1.5mn previously following feedback on SEBI's January guidelines for Gift City investment advisers.
March 3, 2020 -
810India
Entities Allowed to Operate in Gift City Without Forming New Company
According to SEBI, entities can offer financial services in Gift City in connection with the securities market without forming a separate company.
February 28, 2020 -
504India
SEBI Sets Position Limits for Gift City Rupee Derivatives
Brokers, 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, 2020 -
606India
SEBI Issues New Requirements for Gift City Investment Advisers
Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.
January 13, 2020 -
706IndiaRBI Allows IFSC Banks to Open Foreign Currency Current Accounts
IFSC 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, 2019
