IFSCA directions for issuing derivative instruments

IFSCA vide circular dated 2nd May, 2024 has directed entities issuing Derivative Instruments in GIFT-IFSC to ensure compliance with the requirements on issuance of ODIs, issued by SEBI and IFSCA, from time to time. The entity shall furnish requisite information to the Clearing Corporations in GIFT-IFSC in the format as may be prescribed, latest by the tenth day of every month.