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?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.
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