%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(13).png "IFSCA and NISM Signed MoU to Accelerate Capacity Building in GIFT IFSC")
Key Highlights:
a) To establish a new stock exchange at GIFT IFSC
b) To enhance capacity building in the financial sector at GIFT IFSC
c) To replace SEBI’s regulatory framework in IFSC
d) To merge IFSCA and NISM into a single entity
- Training & Certification: NISM will act as a training partner for IFSCA, conducting certification exams for intermediaries registered with IFSCA.
- Skill Development: The MoU includes professional training programs to maintain high standards in the financial ecosystem.
- Regulatory Alignment: The collaboration aims to standardize competency levels and align with global best practices in financial services.
- Strategic Impact: This partnership strengthens GIFT IFSC’s position as a global financial hub, supporting regulatory compliance and market development.
Question:
Q.1 What is the primary objective of the IFSCA-NISM MoU?a) To establish a new stock exchange at GIFT IFSC
b) To enhance capacity building in the financial sector at GIFT IFSC
c) To replace SEBI’s regulatory framework in IFSC
d) To merge IFSCA and NISM into a single entity
Answer: b) The International Financial Services Centres Authority (IFSCA) and the National Institute of Securities Markets (NISM) signed a Memorandum of Understanding (MoU) on May 2, 2025 at GIFT City, Gandhinagar, Gujarat, to enhance capacity building in the financial sector at GIFT IFSC.
