>   Eligibility_Criteria
Eligibility Criteria

A) Before applying for registration with INDIA INX for RTP applicant must check Eligibility by considering the following-

The applicant entity shall-

  • Entity should be 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 list specified in IFSCA circular for at least one year. Check the list of specified stock exchange .
    ( link list of exchanges allowed by IFSCA in its circular )

  • Entity should be a body corporate.
  • Entity should be not a resident of a country identified in the public statement of the Financial Action Task Force (FATF) as –
    • a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to which counter measures apply; or
    • a jurisdiction that has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the Financial Action Task Force to address deficiencies.
  • 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.
  • The entity shall not be incorporated in India.
B) Basis information form shall be download from tab given under this point (Form will be provided after it gets approved)