SME Times News Bureau | 25 May, 2018
The Securities and Exchange Board of India (SEBI) on Thursday eased the
market access for foreign investors in IFSC (International Financial
Service Centre).
According to a circular issued on Thursday by
the securities market regulator, "... based on the feedback received
from market participants, it has been decided to permit Segregated
Nominee Account Structure in IFSC wherein orders of foreign investors
may be routed through eligible Segregated Nominee Account Providers for
trading on stock exchanges in IFSC...
"... while adhering to
regulatory requirements, inter alia, relating to identification of
end-client, unique client code, order placement at client level, client
level margining and position limits."
