(2)On 1 October 2020, the International Financial Services Centres Authority (‘IFSCA’) took over from SEBI the supervision of CCPs established in the International Financial Services Centres (‘IFSCs’) in India. In addition, the Act and the Regulations referred to in Article 1(1) of Implementing Decision (EU) 2016/2269 partly ceased to apply in the IFSCs on 16 April 2021. Since that date, the Market Infrastructure Institutions Regulations, 2021 3 (‘MII Regulations’), issued by IFSCA on the basis of the International Financial Services Centres Authority Act, 2019, Act 50 of 2019 4 (‘IFSCA Act’), has been applied to CCPs established in IFSCs. The Securities Contracts (Regulation) Act 1956, Act 42 of 1956 5 , however, remained applicable.