>  Admission Process & FAQ
Admission Process & FAQ

For applying to register as RTP with India INX, applicant first shall submit basis information and other declaation. If applicant found fit and proper for RTP registration applicant shall submit application for membership with membership department of INDIAINX.

Click here to download Application form and checklist-

FAQ – below FAQ shall be shown to user on screen and download facility shall be given at bottom of page.

1. What are the eligibility criteria for an entity to become a RTP?

  • Resident of a country whose securities market regulator is a signatory to IOSCO-MMoU or has a bilateral MoU with IFSCA, Currently a member of specified Stock Exchanges as per below list for at least one year Check the list of specified stock exchange. ( link list of exchanges allowed by IFSCA in its circular )
  • Body corporate
  • Permitted to trade only on a proprietary basis and not onboard clients.
  • Permitted to transact only in cash-settled derivative products.
  • Required to enter into an agreement with an IFSCA registered Clearing Member for clearing and settlement.

2. What kind of products can RTPs trade in?

  • Single Stock Future & Options.
  • Equity Indices Future & Options.
  • Currency Futures & Options.
  • 126 Indian Stocks Sensex.
https: //www.indiainx.com/static/productsnapshot.aspx

3. Can RTPs on board clients? -

RTP can do only proprietary trading and are not permitted onboard clients for brokerage services.

4. Can RTPs become self-clearing or clearing members? -

No. RTPs are not allowed to become clearing members. They must appoint IFSCA @registered Clearing Member for the clearing and settlement of their trades. List of clearing members:
https: //www.indiaicc.com/Markets/directorymembers.aspx

5. What are the benefits of becoming a Remote Trading Participant?

  • Remotely trade on the IFSC exchanges without having to establish a presence in GIFT IFSC.
  • No Infrastructure costs involved
  • Increased participation leading to more vibrant and liquid market.
6. Can an entity incorporated in India and registered with SEBI become a Remote Trading Participant with INDIAINX?

No, Entities incorporated in India and registered with SEBI are not eligible to be onboarded as Remote Trading Participants.

7.Do I need to obtain a registration certificate from IFSCA?

No, obtaining a registration certificate from IFSCA is not required to become a Remote Trading Participant with INDIAINX.

8. What are the fees associated with RTP?

The fees for RTP are:
Application Fee: USD 1,000 (one-time)
Annual Membership Fee: USD 10,000

9. What is the compliance requirement to be followed for becoming a Remote Trading Participant with INDIAINX?

Remote Trading Participants must comply with IFSCA (AML, CTF, and KYC) Guidelines, 2022 and other compliances as given at below link.(Link to download exchange compliances to be complied)

10. Is code of conduct applicable for RTP?

Yes, Code of conduct prescribed in schedule-III of International Financial Services Centers Authority (Capital Market Intermediaries) Regulations, 2021 shall be complied by RTP.