Brief Overview:
IFSCA has directed all units in IFSC to obtain International Securities Identification Numbers (ISINs) from the recognised depository in the IFSC.
Technical Details:
Key Highlights
1) IFSC Units intending to dematerialise securities or other permitted financial products to obtain ISINs from an IFSCA‑recognised depository.
2) Units currently using Indian depository ISINs to obtain new ISINs from an IFSCA‑recognised depository by 31st August 2026.
3) Cross border issuances using International Central Securities Depositories continues to be permitted as per the IFSCA Listing Regulations 2024.
4) Recognised IFSC depositories to design a standardised onboarding process and issue FAQs on the same.
5) Transition to be completed by IFSC recognised depositories by 30th September 2026
Takeaways:
Recognised IFSC depositories is responsible for ensuring a smooth transition through standardised processes, guidance materials, and timely reporting.
For further details, please see:
Directions for obtaining ISIN in IFSC
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