SEBI reduces Net worth Requirements for Clearing Corporations in IFSC to Rs 100 Crore

SEBI reduces Net worth Requirements for Clearing Corporations in IFSC to Rs 100 Crore

• SEBI has announced that the minimum Net worth Requirements for Clearing Corporations in International Financial Services Centre (IFSC) over a period of three years from the commencement of operations should be at least Rs 100 Crore. This has been reduced from Rs 300 crore earlier.

• However, the minimum net worth requirement for Clearing Corporations in International Financial Services Centre (IFSC) over a period of three years is still Rs 50 crore.

Points to remember:

1. Minimum net worth requirement for Clearing Corps over a period of three years?- Rs 100 crore
2. Minimum net worth requirement for Clearing Corps during commencement of operations?- Rs 50 crore.