SEBI amends the SEBI (IFSC) Guidelines, 2015
Jul 10, 2020
The Securities and Exchange Board of India (SEBI) on July 09, has decided to amend the Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015. SEBI has amended the Clause 4 (1) of SEBI (IFSC) Guidelines, 2015 related to “Eligibility and shareholding limit for stock exchange desirous of operating in IFSC”.
The amendments have been made in the eligibility and shareholding limit for stock exchange desirous of operating in IFSC. All the Indian recognized stock exchange willing to provide stock exchange services in the IFSC shall hold paid up equity share capital of 51%, whether Indian or Foreign. Further, the remaining capital can be acquired by other people be it Indian or Foreign nationals, however the total paid up equity capital shall not be more than 5%.
Bank companies, insurance companies, stock exchange, depository, …
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