International Financial Services Centres Authority (IFSCA)

International Financial Services Centres Authority (IFSCA)

Recently, the European Commission (EU) has granted ‘equivalence status’ to Central Counter Parties (CCPs) supervised by IFSCA.

  • CCPs embed themselves between counterparties to contracts traded in one or more markets. These become buyers for each seller and sellers for each buyer.
  • IFSCA is headquartered in GIFT City, Gandhinagar. It was established in the year It was established under the International Financial Services Centers Authority Act, 2019.
  • IFSCA is a unified authority for the development and regulation of financial products, financial services and financial venues in the International Financial Services Center (IFSC) in India.

Source – The Hindu

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