The India International Exchange (IndiaINX) on June 11, 2024, issued the notification regarding the Remote Trading Participants (RTPs) on Stock Exchanges in IFSC.
The following has been stated namely: -
• Any entity desirous of being onboarded as a Remote Trading Participant may be onboarded as RTP only after the fulfilling the regulatory requirements and other applicable guidelines issued by the IFSCA and Exchange from time to time.
• The following are the eligibility criteria for onboarding as a Remote Trading Participant: -
o The entity is a resident of a country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding (IOSCO-MMoU) or a signatory to the bilateral Memorandum of Understanding (MoU) with IFSCA.
o The entity is currently a member of any of the specified Stock Exchanges for at least a period of one year
o The entity is a body corporate.
• The Application Process is stated in the notification
[Notification No. 20240611-3]
