International Financial Services Centres Authority

CIRCULAR

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

July 27, 2021

T

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.

3. 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: [email protected]
Tel: +91-079-61809820

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