The International Financial Services Centres Authority (IFSCA) on May 03, 2024, issued a Consultation Paper on proposed IFSCA (Listing) Regulations, 2024.
The following has been stated-
•The purpose of the proposed IFSCA (Listing) Regulations, 2024 (“Listing Regulations”) is to provide the revised regulatory framework for issue and listing of various financial products, including specified securities, debt securities and other financial products on the recognised stock exchanges in the international financial services centres (“IFSC”) in India.
•Further, the proposed Listing Regulations aim to facilitate raising of capital through the stock exchanges in the IFSC, taking into consideration the global standards specified by the International Organization of Securities Commissions (“IOSCO”), and benchmarking with the best practices followed in other jurisdictions.
•Comments are invited latest by May 25, 2024.
