Monday December 1 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: India
On 29th November 2025, the International Financial Services Centres Authority (IFSCA) published consultation paper on the draft master circular for Broker Dealers and Clearing Members in IFSC.
IFSCA had notified IFSCA (Capital Market Intermediaries) Regulations, 2021 in October 2021 which have subsequently been replaced by the IFSCA (Capital Market Intermediaries) Regulations, 2025 (CMI Regulations). CMI Regulations provide for the unified framework for the regulation and supervision of the Capital Market Intermediaries including Broker Dealers and Clearing Members in the IFSC.
Regulation 45 of the CMI Regulations empowers IFSCA to specify norms, procedures, manners or guidelines by way of circulars to the Capital Market Intermediaries including Broker Dealer and Clearing Members.
This Master Circular shall supersede all the circulars and guidelines issued by SEBI (prior to October 01st, 2020) and IFSCA in respect of Broker Dealer and Clearing Members registered by the IFSCA (the Authority).
Click on the above link for further information
