SECURITIES AND EXCHANGE BOARD OF INDIA (INTERNATIONAL FINANCIAL SERVICES CENTRES) GUIDELINES, 2015 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

SECURITIES AND EXCHANGE BOARD OF INDIA (INTERNATIONAL FINANCIAL SERVICES CENTRES) GUIDELINES, 2015 Dated : March 27 th , 2015. In exercise of the powers conferred by section 11(1) of the Securities and Exchange Board of India Act, 1992 and sections 4 and 8A of the Securities Contracts (Regulation) Act, 1956 read with Section 18(2) of the Special Economic Zones Act, 2005, the Securities and Exchange Board of India hereby makes the following guidelines to facilitate and regulate financial services relating to securities market in an International Financial Services Centre set up under Section 18(1) of Special Economic Zones Act, 2005 and matters connected therewith or incidental thereto, namely:— CHAPTER I PRELIMINARY Short title and commencement. (1) These guidelines may be called the Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015. They shall come into force on April 01, 2015. Definitions. 2. (1) In these guidelines, unless the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions shall be construed accordingly,– (a) "Act" means the Securities and Exchange Board of India Act 1992; (b) "Board" means the Securities and Exchange Board of India established under the provisions of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (c) "domestic company" means a company and includes a body corporate or corporation established under a Central or State legislation for the time being in force; (d) "financial institution" shall include: (i) a company; (ii) a firm; (iii) an association of persons or a body of individuals, whether incorporated or not; or (iv) any artificial juridical person, not falling within any of the preced