Summary
- The International Financial Services Centres Authority (IFSCA) has issued a comprehensive Master Circular for Broker Dealers and Clearing Members in GIFT IFSC, consolidating multiple previous regulations into one framework.
- This circular, effective immediately, covers registration, governance, supervision, technology standards, and compliance among other operational matters.
- Key features include streamlined registration via the Single Window IT System (SWITS), risk-based supervision, and mandatory reporting of technical glitches.
- The new framework aims to enhance operational efficiency and investor protection while superseding earlier SEBI guidelines for intermediaries registered with IFSCA.
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