IFSCA permits registered broker-dealers to provide market access to investors
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 May, 2022
Latest from Taxmann
Circular No. IFSCA/CMD-DMIIT/AP/2022-23/1, Dated 29.04.2022
IFSCA vide circular no. F.No. 68/IFSCA/MRD-AP/2020-21 dated Oct 14, 2020, had permitted Broker-Dealers (registered with IFSCA) of the stock exchanges to provide market access to investors through Authorized Persons based in foreign jurisdictions and also to provide the regulatory framework governing the market access through Authorized Persons.
Based upon the representation received from various stakeholders and with a view to expand the depth and reach of the capital markets in IFSC and enable access to resident Indian investors through Liberalized Remittance Scheme (LRS) route, for exchange-traded securities in IFSC. The IFSCA has permitted the IFSCA registered Broker-Dealers to provide market access to investors through Authorized Persons based in India.
IFSCA further clarified that all other terms and conditions specified in the regulatory framework governing market access through Authorized Persons, specified in the IFSCA circular dated October 14, 2020, shall continue to apply.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
