Introduction On February 4, 2025, the International Financial Services Centres Authority (IFSCA) introduced the Liquidity Enhancement Scheme (LES) for Bullion Exchange, which allows the IFSC bullion exchange to create schemes aimed at improving the liquidity of illiquid commodity derivatives contracts. Key Points Oversight by the Governing Board: The governing board must approve the scheme, which is valid for one year. […]
IFSCA issues a consultation Paper on SPV Framework under IFSCA (Fund Management) Regulations, 2022 International Financial Services Centres Authority (“IFSCA”) has issued a consultation paper with respect to Special Purpose Vehicle (“SPV”) under IFSCA (Fund Management) Regulations, 2022 (“FME Regulations”). The consultation paper proposes the operationalisation of SPV under the controlling scheme in order to facilitate the growth of funds […]
IFSCA proposes amendments to FME regulations, aimed at improving enhancing ease of doing business GIFT City, India’s first International Financial Services Centre (IFSC), modelled as a global financial and IT hub and spread over ~886 acres provides a seamless integration of cutting edge infrastructure with modern urban planning. It was established with an aim to position India as a competitive […]