a) SEBI vide circular SEBI/HO/MRD1/DSAP/CIR/P/2020/155 dated August 21, 2020 has amended Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015.

b) In order to further streamline the operations at IFSC, based on consultations with the stakeholders, it has been decided to amend provisions of the aforesaid guidelines, by incorporating new Clause 8 (3) as under:“8 (3) An entity, based in India or in a foreign jurisdiction, may provide financial services in IFSC, subject to compliance with the applicable regulatory framework/ guidelines for such financial services, as specified by the Board, from time to time.”