Those on the list include the US-based NASDAQ and NYSE, the Tokyo Stock Exchange in Japan, the Korea Stock Exchange in South Korea and the London Stock Exchange in the UK, the Securities and Exchange Board said. of India (Sebi) in a circular.
In addition, the French company Euronext Paris, the Frankfurt Stock Exchange in Germany, the Toronto Stock Exchange in Canada and the International Financial Services Center (IFSC) in India are also included in the list, he added.
This comes after the regulator in October gave a detailed framework for issuing certificates of deposit (DRs) and said listed companies will be allowed to issue authorized securities for the purpose of issuing DRs only in authorized jurisdictions. .
The authorized jurisdiction, according to Sebi, includes jurisdiction that has treaty obligations to share information and cooperate with Indian authorities in the event of an investigation.
Sebi had published a detailed procedure that must be followed for issuing DRs, besides the eligibility criteria for listed companies and the obligations of Indian and foreign custodians and domestic custodians.
A certificate of deposit is an instrument denominated in foreign currency, listed on an international stock exchange, issued by a foreign custodian to a domestic custodian and includes global certificates of deposit. SRS YEARS YEARS