IN FORCE Procedural & compliance ·? 2021-07-27

Fee structure for Depository Participants (DP) in the GIFT-IFSC

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Fee structure for Depository Participants (DP) operating in GIFT-IFSC

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CIRCULAR

F. No. 286/IFSCA/CMD-DMIIT/DP/2021/1

               July 27, 2021

To, All Depositories in the International Financial Services Centre (IFSC)

Dear Sir/Madam, Sub: Fee structure for Depository Participants (DP) operating in GIFT-IFSC

  1. The depository participants have been permitted to operate in GIFT-IFSC in terms of the applicable provisions under SEBI (International Financial Services Centres) Guidelines, 2015, as amended from time to time.

  2. The fee structure for Depository Participants in GIFT-IFSC shall be as follows:

i. Application fee of USD 500 at the time of application for registration; ii. Registration fee of USD 2,500; iii. Fee of USD 2,500 every five years post registration.

  1. The fees shall be remitted to the following account of IFSCA: Account Name: International Financial Services Centres Authority Account Number: 970105000174 Type of Account: USD Current Account SWIFT Code: ICICINBBIBU NOSTRO Details: BOFAUS3N, Bank of America, N.A., New York Branch, A/c no: 6550491848

Yours faithfully,

Praveen Kamat Deputy General Manager Division of Market Infrastructure Institutions & Technology Capital Markets Department email: praveen.kamat@ifsca.gov.in
Tel: +91-079-61809820

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