BSE goes Gujarat—to set up new shop there
DSIJ Intelligence / 01 Nov 2016
BSE, Asia’s oldest exchange, received in-principal approval from SEBI for setting up international exchange & International clearing corporation on November 1.
BSE, Asia’s oldest exchange, received in-principal approval from SEBI for setting up international exchange & International clearing corporation on November 1. International Financial Services Centre (IFSC) outlines were first announced by the Ministry of Finance on March 1, 2015.
SEBI was the first regulator to announce the IFSC guidelines on March 27, 2015 for capital market. This was followed by RBI for International Banking Units on April 1, 2015 and IRDA for Insurance Industry on April 6, 2015.
The BSE Board in its meeting held on May 5, 2016 approved creation of two wholly owned subsidiary companies for the purpose of setting up the first International Exchange and International Clearing Corporation. BSE applied to SEBI for in-principal approval which it has received November 01, 2016.
BSE’s plan is to operationalise the International Exchange in early 2017. Mock trading for the same commence from October 3, 2016.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.