International Financial Services Centre ( Intermediaries) Authority Regulations 2021 is in news.
IFSCA proposes enacting a regulatory framework for capital market intermediaries operating in IFSC, with a focus on Ease of Doing Business and in accordance with the fundamental principles established by the International Organization of Securities Commissions.
The proposed IFSCA (Capital Market Intermediaries) Regulations, 2021 (Intermediaries Regulations) provide, among other things, for regulatory requirements regarding registration, obligations and responsibilities, inspection, and enforcement of various types of capital market intermediaries such as clearing members, broker dealers, Investment bankers, depository participants, portfolio managers, and investment advisers, credit rating agencies, custodians, debenture trustees and account aggregators.