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ARTICLE · 10 NOVEMBER 2024

Listing Of Debt Securities On The Recognised Stock Exchanges In The IFSC

International Financial Services Centres Authority ("IFSCA") has issued a circular dated September 11, 2024, in respect of listing of debt securities on recognised stock exchange in International Financial Services Centre ("IFSC").

IndiaFinance and Banking

International Financial Services Centres Authority ("IFSCA") has issued a circular dated September 11, 2024, in respect of listing of debt securities on recognised stock exchange in International Financial Services Centre ("IFSC").

International Financial Service Centres Authority (Listing Regulations) 2024 ("Listing Regulations"), was notified in August 2024, to provide regulatory framework for listing of specified securities, debt securities, depository receipts and other permitted financial products on the recognized stock exchange in IFSCA.

Regulation 72 of the Listing Regulations states that the issuer shall obtain a credit rating for its debt securities which are proposed to be listed on the recognised stock exchange from a credit rating agency either registered with the IFSCA or with a regulator in foreign jurisdiction.

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