New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Under the IFSCA Circular on Debt Securities Listing

    (September 2024), what is the mandatory requirement for issuers of debt securities intended for listing on recognized stock exchanges in the IFSC starting from October 1, 2024?
    A Credit rating from SEBI Correct Answer Incorrect Answer
    B Credit rating from IFSCA Correct Answer Incorrect Answer
    C Credit rating from an agency registered with IFSCA or a foreign regulator Correct Answer Incorrect Answer
    D Listing approval from RBI Correct Answer Incorrect Answer
    E Credit rating from a recognized stock exchange Correct Answer Incorrect Answer

    Solution

    The circular mandates that issuers of debt securities listed on recognized stock exchanges in the IFSC must obtain a credit rating from an agency registered with IFSCA or a foreign regulator starting October 1, 2024.

    Practice Next