The Securities and Exchange Board of India vide its circular dated 21st August 2020 in order to streamline the operations at IFSC, based on consultations with the stakeholders, has revised the SEBI (IFSC) Guidelines, 2015.
Under the revised guidelines, Sebi has stated that an entity based in India or in a foreign jurisdiction may provide financial services in IFSC, subject to compliance with the applicable regulatory framework.
At present, a recognized entity desirous of operating in IFSC as an intermediary may form a company to provide such financial services relating to the securities market, as permitted by the regulator.
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