NSE IX gets SEC class relief; permits US clients to trade on equity index option contract

economictimes.indiatimes.com:

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement. The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US.
Also, this class relief permits eligible broker-dealers and large financial institutions based in the US to trade on these index derivatives options contracts through NSE IX members, subject to compliance with the applicable laws, the bourse said in the statement on Friday.

NSE IX is an International multi-assets exchange set up at GIFT City in June 2017 and recognised by the International Financial Services Centre Authority (IFSCA).
Earlier in November 2020, it became the first International Exchange in Gift City to get an exemption under part 30 by the Commodity Futures Trading Commission (CFTC).
The CFTC exemption enables NSE IX members to trade in futures derivatives for US clients.

These exemptions permit NSE IX members to accept US clients' funds directly for the purpose of trading in futures and options contracts on NSE IX even without the members having to get registered with the CFTC and SEC as a futures