IFSC Authority Notifies Code of Conduct for ‘Recognised Market Infrastructure Institution’

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By Taxmann
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Last Updated on 6 November, 2024

Notification No. IFSCA/GN/2024/011, Dated: 29.10.2024

The IFSC Authority has amended the IFSC Authority (Market Infrastructure Institutions) Regulations, 2021, introducing a new regulation, 10A, establishing a Code of Conduct for recognized market infrastructure institutions. Also, code for governing board, directors, committee members, and key management personnel has been notified. Additionally, each recognized market infrastructure institution has been mandated to form a Nomination and Remuneration Committee to oversee governance.

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