Computer Age Management Services Limited (CAMS) has informed stock exchanges that its wholly owned subsidiary CAMS Investor Services Private Limited has received approvals from the Development Commissioner of GIFT SEZ and the International Financial Services Centres Authority (IFSCA). The approvals permit the subsidiary to undertake activities as a KYC Registration Agency under the IFSCA (KYC Registration Agency) Regulations 2025.
The IFSCA approval has been granted on a permanent basis. CAMS Investor Services will offer KYC registration services from GIFT City, India's first operational international financial services centre in Gandhinagar, Gujarat. The hub provides global connectivity, access to international markets, and a supportive regulatory infrastructure for financial services entities.
CAMS has cited substantial demand for KYC services among clients at the global financial hub. The registration at GIFT City enables the subsidiary to serve clients seeking to expand their presence in international capital markets through the special economic zone. GIFT City offers streamlined administrative processes for registered firms. The hub is designed to facilitate access to global markets with a supportive regulatory environment.
CAMS disclosed the development to BSE and NSE under Regulation 30 of the SEBI Listing Regulations. CAMS submitted the required details in compliance with the SEBI circular dated November 11, 2024. The filing was made through the exchange filing platforms with the requisite annexure.
The disclosure includes information on the regulatory authorities involved, the nature and scope of the approvals granted, and their permanent validity. The filing outlines the relevance of the approvals to CAMS, including the ability to offer KYC registration services to clients at the international financial services centre. The approval from IFSCA Gift City is a key regulatory clearance for the subsidiary's operations at the hub. The Development Commissioner of GIFT SEZ also granted approval for the subsidiary to operate within the special economic zone.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.