The India International Financial Services Centres Authority has issued a revamped regulatory framework for providing “Global Access” through India’s International Financial Services Centre (IFSC), enabling entities to offer investors regulated access to trade securities and other permitted financial products on stock exchanges in foreign jurisdictions via the IFSC. Developed following stakeholder consultations with recognised stock exchanges and market participants, the framework sets comprehensive norms for Global Access Providers and Introducing Brokers, aiming to expand market access while supporting investor protection, market integrity and ease of doing business. It is positioned to allow Indian retail investors using the Liberalised Remittance Scheme route to access global markets more transparently, supported by IFSCA regulation and the physical presence of brokers and Global Access Providers in the IFSC. The framework is also intended to encourage “onshoring” of broker-dealer and proprietary trading activity currently conducted from foreign jurisdictions and to consolidate cross-border trading within the IFSC jurisdiction.

Original source View in tracker