The IFSCA (Market Infrastructure Institutions) Regulations, 2021 (“MII Regulations”) were notified on April 16, 2021. MII regulations, inter-alia, provide the requirements for grant of recognition to an MII in IFSC, net worth requirement, shareholding requirement, fit and proper requirement, governance norms, record keeping requirements for MIIs, general obligations of the MIIs in IFSC etc.
In view of the enhancing the liquidity and widening the investor base on MIIs in IFSC, IFSCA hereby invites suggestions for review of MII Regulations from the public and regulated entities.
Suggestions may be sent by email Shri Pradeep Ramakrishnan, Executive Director at pradeep.ramakrishnan@ifsca.gov.in and Shri Praveen Kamat, General Manager at praveen.kamat@ifsca.gov.in with subject line “Comments for review of IFSCA (Market infrastructure Institutions) Regulations, 2021” latest by June 17, 2024.
