Regulation 3 - Applicability of these Regulations - Securities and Exchange Board of India (Index Providers) Regulations, 2024

Applicability of these Regulations. 3. (1) These regulations shall be applicable only to Index Providers that administer Significant Indices consisting of securities listed on a recognized stock exchange in India for use in the Indian securities market. (2) These regulations shall not be applicable to Index Providers, who administer:- (a) their Indices consisting only of global asset classes or consisting of global assets and Indian securities whether for use in the Indian securities market or elsewhere; (b) their Indices for exclusive use in a foreign jurisdiction.