National Stock Exchange (NSE) and Singapore Exchange (SGX) have received a set of approved regulatory dispensations from their statutory regulators on the joint proposal that NSE and SGX submitted earlier this year.

The proposed NSE International Financial Service Centre (IFSC)-SGX Connect aims to bring together the trading of Nifty products in Gujarat International Finance Tec-City (GIFT) and create a larger pool of liquidity comprising international and home market participants, stated a joint release by the exchanges.

The Connect model will enable SGX and NSE IFSC members to access Nifty products in GIFT, it added.