IFSCA on May 09, 2023 has issued following clarifications regarding Status of operations at Disaster Recovery (DR) Site of the Broker Dealers and Clearing Members registered with IFSCA:
- Broker Dealers and Clearing Members registered with IFSCA under the IFSCA (Capital Market Intermediaries) Regulations, 2021, are permitted to set up their DR Sites in India.
- It is hereby clarified that operations carried out by the Broker Dealers and Clearing Members, from their respective DR sites located outside GIFT-IFSC and within India, shall be deemed to have been carried out at GIFT-IFSC.
