Circular regarding amendment to guidelines for liquidity service centre (IFSC) (dated-09.09.2022)-IFSCA.
View PdfCircular regarding amendment to guidelines for liquidity service centre (IFSC) (dated-09.09.2022)-IFSCA.
- Based on the representations received from stock exchanges, it has been decided to modify Clause 1 a) and 2 a) of the aforementioned Circular as follows:
- “1 a) The Scheme shall have prior approval of the Governing Board of the Stock Exchange, which will be valid for one year. The Governing Board of the Stock Exchange may grant annual approval till the time the scheme is in operation. Further, its implementation and outcome shall be monitored by the Governing Board at quarterly intervals.
- 2 a) The Stock Exchange may introduce Liquidity Enhancement Schemes on any security. Once the scheme has been discontinued, it can be re-introduced on the same security”, refer attachment for further details.
