The International Financial Services Centres Authority (IFSCA) on August 30, 2024, notified the International Financial Services Centres Authority (Listing) Regulations, 2024.
The following has been stated-
•These regulations provide the regulatory framework for listing of specified securities, debt securities, depository receipts and other permitted financial products on the recognised stock exchanges in the International Financial Services Centres in India.
•These regulations shall apply to:
oan initial public offer of specified securities by an unlisted entity
oa follow-on public offer of specified securities by a Listed Entity
oan initial public offer of specified securities by a Special Purpose Acquisition Company;
oa rights issue a preferential issue or a qualified institution placement of specified securities by a Listed Entity
oissuance and listing of depository receipts by an entity
oissue and listing of debt securities by an entity
osecondary listing of securities by an entity
olisting of Commercial Paper or Certificates of Deposit or other financial products as permitted by the Authority
Salient features of the same are attached here.
[Notification No. IFSCA/GN/2024/006]
