The India International Exchange (INX) on June 11, 2024, issued a circular regarding the Remote Trading Participant (RTP) agreement and undertaking from the Clearing Member for RTP.
This is with reference to IFSCA’s circular ref. no. IFSCA/CMD-MIIT/RTP/2023-24/001, dated April 03, 2024 and India INX’s circular ref. no: 20240611-3, dated June 11, 2024, regarding “Remote Trading Participants on Stock Exchanges in the IFSC”, wherein India INX has prescribed the operational guidelines regarding Remote Trading Participants. As per the guidelines:
• The RTPs are required to enter into an agreement with an IFSCA registered Clearing Member for the clearing and settlement of its transactions executed on the Stock Exchanges.
• The RTPs shall be liable to pay all the applicable fees, charges, and any other dues/levies to their respective clearing members.
With regards to the above, members are requested to refer to Annexure 1 for the model Clearing Member – RTP agreement and Annexure 2 for the Undertaking to be provided by Clearing Member for each of its RTPs.
[Circular No. 20240611-4]
