Ergo Newsletter
SEBI Circular for Dedicated Debt RFQ Platforms – Brokers Allowed to Bid on Behalf of their Clients
The Securities and Exchange Board of India (SEBI) has, by its circular dated 19 October 2022 and bearing reference number SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/142 (2022 RFQ Circular), widened the ambit of its circular dated 24 January 2013 on the creation of a framework for a dedicated debt segment, and in turn for the usage of the request for quote platform of stock exchanges (RFQ Platform). The 2022 RFQ Circular shall come into effect on and from 1 January 2023.
New Fund regime introduced for Gift City
On 19 April 2022, the International Financial Services Centre Authority (IFSCA) published the International Financial Services Centre Authority (Fund Management) Regulations, 2022 (FM Regulations), overhauling the fund regime in International Financial Services Centre (IFSC).