The Securities and Exchange Board of India on October 17, 2017 has issued a circular in order to further streamline the operations at International Financial Services Centres, based on the internal discussions and consultations held with the stakeholders. It has been decided to further amend Guideline 8(2) of SEBI (IFSC) Guidelines, 2015, which shall now read as follows:
"Any entity based in India or in a foreign jurisdiction may form a company in IFSC to act as a trading member of a stock exchange and/or a clearing member of a clearing corporation in IFSC."
This update is authored by Clasis Law, Clyde & Co's associated firm in India
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