IFSCA notified the Prohibition of Market Abuse in Securities Markets Regulations, 2026, replacing the extended application of SEBI’s insider-trading and unfair-trade-practice rules in GIFT-IFSC. The unified framework addresses insider trading, fraudulent and manipulative practices, and aims to align market conduct with international standards. The move marks IFSCA’s shift towards a bespoke regulatory regime suited to GIFT City’s international market structure. However, its effectiveness will depend on enforcement capacity and how market participants adapt to the new compliance requirements.
Please click here to read the full article by Pracheta Bhattacharya, Partner; Ananth Balaji, Partner, published in The Economic Times.
Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).