The International Financial Services Centres Authority (IFSCA) is incentivising Fund Management Entities (FMEs) to establish Environmental, Social, and Governance (ESG) funds at the GIFT IFSC, in a significant step to promote sustainable finance. To encourage green private capital to be channelised via the fund route, IFSCA has waived the fund filing fees for the first 10 ESG funds filed by Registered FMEs at GIFT IFSC. So far, while one Registered FME, has already availed the said incentive provided by IFSCA by launching an ESG Fund it is observed that awareness regarding ESG Funds and the incentives provided by
IFSCA is limited only to the Fund managers.
IFSCA circular on trading and settlement of Sovereign Green Bonds
27 September 2024
This circular provides an overarching framework for the trading of SGrBs and outlines the various eligible participants, market infrastructures, and procedures involved in the trading
