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Regulation Overview
International Exchange IFSC Limited (India INX) is a subsidiary of the BSE Limited.

India INX is regulated by the International Financial Services Centres Authority (IFSCA). The IFSCA was been established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019. Headquartered at GIFT City, Gandhinagar in the state of Gujarat, the IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions. It is presently, the only International Financial Services Centre (IFSC) in India. IFSCA’s holistic vision is to promote ease of doing business in the IFSC and provide a world class regulatory environment while developing a strong global connect as an international financial platform for the entire region and the global economy as a whole.

Prior to the establishment of IFSCA, the domestic Indian financial regulators, namely, RBI, SEBI, PFRDA and IRDAI regulated the business in the IFSC. Accordingly, India INX was regulated by the Securities and Exchange Board of India (SEBI), the securities market regulator in India. SEBI is an Ordinary Member of IOSCO and has signed Multilateral Memorandum of Understanding with IOSCO for enhancing the cooperation and sharing information.

India INX received approval from Securities and Exchange Board of India (SEBI) on December 30, 2016. India INX is India’s first International Exchange set up at the GIFT City and was inaugurated by Honourable Prime Minister, Shri Narendra Modi, on January 09, 2017. India INX offers a diversified portfolio of products and technology services at a cost which is far more competitive than the Indian exchanges as well as other global exchanges in Hong Kong Singapore, Dubai, London and New York.

India INX has a fully operational Compliance Department which, in liaison with IFSCA, ensures that Broker Members maintain strict adherence to India INX By-Laws, Rules & Regulations and applicable IFSCA and SEBI regulations.