Clarification to SEBI (IFSC) Guidelines, 2015 - Liquidity Enhancement Scheme (LES) Circular
Summary
The Securities and Exchange Board of India issues a clarification regarding the Liquidity Enhancement Scheme (LES) for entities in the International Financial Services Centre. It specifies that the exemption granted to IFSC stock exchanges from certain compliance clauses applies to all products traded within the IFSC. This directive is issued under Section 11(1) of the SEBI Act, 1992, to regulate the securities market.
Text
the exemption granted to stock exchanges at IFSC for the introduction of LES shall be applicable to all the products traded in IFSC.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of and to regulate the securities market.
Source: SecMarx — Clarification to SEBI (IFSC) Guidelines, 2015 - Liquidity Enhancement Scheme (LES) Circular. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.