Securities and Exchange Board of India (Sebi) is considering to do away with the requirement of obtaining specific no objection certificate (NOC) by registered stock brokers from the market regulator to undertake securities market related activities in Gujarat International Finance Tech-city – International Financial Services Centre (GIFT-IFSC) under a separate business unit or SBUs.
In a consultation paper released on Friday, Sebi has proposed to allow the stock brokers to conduct securities market related activities in GIFT-IFSC under a Separate Business Unit (SBU) of the stock broking entity itself.
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