The International Financial Services Centres Authority (IFSCA) on September 02, 2024, issued a consultation paper - Listing of Commercial Paper (CP) and Certificates of Deposit (CD) on the recognized stock exchanges in the IFSC.
The following has been stated namely: -
• It aims to specify regulatory requirements for facilitating issuers to issue CPs and CDs in a more efficient and transparent manner ensuring that adequate material information is made available to the investors for making informed decision.
• It states that listing CPs and CDs on exchanges in the IFSC shall attract diverse investors, enhance market transparency, facilitate secondary trading, provide regulatory oversight, and contribute to the capital market ecosystem's development.
Comments and suggestions may be sent by email to Mr. Abhineet Panwar, Assistant Manager, IFSCA at [email protected] with a copy to Mr. Shubham Goyal, Assistant General Manager at [email protected] and Mr. Arjun Prasad, General Manager, IFSCA at [email protected] latest by September 17, 2024.
Kindly refer to the attached document for detailed notification.
[Notification no. - 12/2024—State Tax]
