New Delhi, Oct. 28 -- The International Financial Services Centres Authority (IFSCA) has released a consultation paper inviting public comments on a proposal to introduce dematerialization of securities by entities within the International Financial Services Centre (IFSC) jurisdiction with aim of enhancing transparency and efficiency in the securities market.
Dematerialization involves converting physical securities into electronic form, reducing risks associated with physical certificates and improving market efficiency.
The IFSCA's proposal aligns with global trends toward digitalization of financial assets, promoting a more streamlined and secure process for securities transactions.
The consultation paper outlines key aspects of the p...