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Invitation for public comments on proposed International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021

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..... Invitation for public comments on proposed International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021 - News and Press Release Dated:- 29-7-2021 - News - International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the In .....

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..... ternational Financial Services Centres (IFSCs) in India. The intermediaries play an important role by providing the intermediation facilities between their clients and the various regulated financial products and financial services in the IFSC. The intermediaries are also essential for building the ecosystem of capital markets in the IFSC. IFSCA proposes to enact a regulatory framework for t .....

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..... he intermediaries in the capital markets operating in IFSC, focusing on ease of doing business and consistent with the fundamental principles laid down by International Organization of Securities Commissions. The proposed IFSCA (Capital Market Intermediaries) Regulations, 2021 (Intermediaries Regulations) inter alia provide for regulatory requirements in respect of registration, obligations a .....

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..... nd responsibilities, inspection and enforcement of various types of capital market intermediaries such as broker dealers, clearing members, depository participants, investment bankers, portfolio managers, investment advisers, custodians, credit rating agencies, debenture trustees and account aggregators. Further, the proposed Intermediaries Regulations envisage registered capital market interme .....

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..... diaries to undertake cross-border business in capital markets in India and foreign jurisdictions, subject to certain conditions such as ring fencing of operations, appropriate risk management and internal controls, maintenance of records etc. The consultation paper is available on the website of IFSCA at the weblink - https://ifsca.gov.in/PublicConsultation . Comments and suggestions from p .....

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..... ublic are invited on the proposed Intermediaries Regulations by August 18, 2021. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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