The International Financial Services Centres Authority (IFSCA) on February 11, 2025, notified regarding the Remote Trading Participants on the Stock Exchanges.
The following has been stated namely: -
• It states that the foreign entities regulated by their home jurisdiction's securities regulator can be onboarded as RTPs if they meet IOSCO-MMoU or IFSCA MoU criteria, trade only on a proprietary basis in cash-settled derivatives, and clear transactions through an IFSCA-registered Clearing Member.
• It further states that stock Exchanges shall onboard RTPs per IFSCA AML and KYC guidelines, set terms, risk measures, net-worth criteria, and fees, and ensure compliance, reporting implementation in the Monthly Development Report.
[Notification no. - IFSCA/CMD-MIIT/RTP/2024-25/001]
