Consultation Paper on Proposed IFSCA (Issuance and Listing of Securities) Regulations, 2021

Last updated: 10 March 2021

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The International Financial Services Centres Authority (IFSCA) has proposed new regulations to create a comprehensive framework for issuing and listing various securities within India's International Financial Service Centres (IFSCs). This initiative aims to simplify access to global capital for businesses, including start-ups, SMEs, and SPACs, with a particular focus on fostering innovation in areas like ESG, fintech, and smart cities. The proposed rules also seek to establish GIFT City as a leading international hub for sustainable finance.

International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Service Centres (IFSCs) in India. IFSCA, in its endeavour to develop a comprehensive and consistent regulatory framework based on global best practices with a special focus on ease of doing business, proposes to enact an all-encompassing framework to facilitate issuers acc

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FAQ :

The proposed regulations aim to establish a unified framework for the issuance and listing of securities in India's International Financial Service Centres (IFSCs), facilitating easier access to global capital for businesses and promoting innovation.

The regulations are designed to benefit a wide range of companies, including start-ups, Small and Medium Enterprises (SMEs), Special Purpose Acquisition Companies (SPACs), and businesses focused on ESG, fintech, and corporate restructurings.

GIFT City is being positioned as a world-class fintech hub and a prominent international centre for sustainable finance, with the proposed framework expected to provide an ecosystem for capital raising and listing for fintech and start-up companies.

Comments and suggestions on the draft IFSCA (Issuance and Listing of Securities) Regulations, 2021, can be sent via the IFSCA website at https://ifsca.gov.in/PublicConsultation.

The deadline for submitting comments and suggestions on the proposed regulations is March 31, 2021.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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