IFSCA (Capital Market Intermediaries) Regulations, 2021

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY

NOTIFICATION

Gandhinagar, the 18th October, 2021

International Financial Services Centres Authority Capital Market Intermediaries) Regulations, 2021

IFSCA/2021-22/GN/REG018. - In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019; Section 30 read with Section 28C of the Securities and Exchange Board of India Act, 1992; and Section 25 read with Section 23G of the Depositories Act, 1996, the International Financial Services Centres Authority hereby makes the following regulations, namely: –

CHAPTER I

PRELIMINARY

Short title and commencement

1. (1) These regulations may be called the International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette.

Definitions

2. (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings as assigned to them below, and their cognate expressions shall be construed accordingly-

(a) “account aggregator” means a person that undertakes the business of providing the service of retrieving or collecting information of its customer pertaining to financial assets and consolidating, organizing and presenting such information to the customer or any other person as per the instructions of the customer;

(b) “Act” means the International Financial Services Centres Authority Act, 2019 (50 of 2019);

(c) “associate” shall have the same meaning as assigned to it under clause (a) of sub-regulation (1) of regulation 2 of the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021;

(d) “Authority” or “IFSCA” means the International Financial Services Centres Authority established under sub-section (1) of section 4 of the Act;

(e) “banker to an issue” means a bank carrying out banking related activities in an issue;

(f) “Banking Unit” shall have the same meaning as assigned to it under clause (c) of sub-regulation (1) of regulation 2 of the International Financial Services Centres Authority (Banking) Regulations, 2020;

Please refer to the attached file for full notification.