Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 -Liquidity Enhancement Scheme

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..... ancial Services Centre (IFSC) All recognised Stock Exchanges/ Clearing Corporations All Registered Intermediaries Dear Sir/Madam, Sub: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 -Liquidity Enhancement Scheme. 1. SEBI vide circular CIR/MRD/DP/14/2014 dated April 23, 2014 permitted stock exchanges to introduce liquidity enhance .....

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..... study of the LES in the domestic market and such reserves would not be included in the net worth calculation. 4. Further, based on the aforesaid normative study, stock exchanges at IFSC shall furnish proposal for approval. 5. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992,to protect the interests of i .....

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