Perspectives on regulation, markets, compliance and GIFT IFSC
Amendment to the IFSCA (Vault Manager) Circular, 2021
OVERVIEW- The International Financial Services Centers Authority (IFSCA) has issued a circular announcing amendments to the guidelines for Vault Managers operating within International Financial Services Centres…
Read insight →DGCA proposes amending “Civil Aviation Requirement” for aircraft registration and de-registration
DGCA proposes amending “Civil Aviation Requirement” for aircraft registration and de-registration OVERVIEW- Recently, The Directorate General of Civil Aviation (DGCA) released a draft related to amend certain Civil…
Read insight →FATF Compliance in IFSC GIFT City
What is FATF? The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective…
Read insight →Maintenance of Net Worth by Fund Management Entity
OVERVIEW- The International Financial Services Centres Authority (IFSCA) is pivotal in overseeing and regulating financial operations within International Financial Services Centres (IFSCs). In a recent circular, IFSCA…
Read insight →Constitution of a Standing Committee on Primary Markets
OVERVIEW: On January 24, 2024, the Indian government introduced the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024, and the Companies (Listing of Equity Shares in Permissible Jurisdictions)…
Read insight →Monitoring of Investments from Countries Sharing Land Border with India
OVERVIEW: The Government of India issued new regulations, known as the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024 (NDI Rules), and the Companies (Listing of Equity Shares in Permissible…
Read insight →IFSCA (PAYMENT SERVICES) REGULATIONS 2024
OVERVIEW: The International Financial Services Centres Authority (IFSCA) announced the Payment Services Regulations, 2024, which were officially published in the gazette on January 30, 2024. By facilitating these…
Read insight →Norms for Capital Market Intermediaries
OVERVIEW: The International Financial Services Centres Authority (IFSCA) has released a significant circular concerning the reporting standards applicable to Capital Market Intermediaries (CMIs) functioning within the…
Read insight →Anti-Money Laundering Compliance In IFSCA
WHAT IS MONEY LAUNDERING? These are such illicit activities where the legitimacy of the illegally obtained proceeds is proved. - Money laundering has the potential to support criminal activities like drug trafficking…
Read insight →(FAQs) on IFSC Insurance Intermediary Offices (IIIOs)
1. Is there a specific regulatory framework for undertaking insurance intermediation business in IFSCs? The undertaking of (re)insurance intermediation business in an International Financial Services Centre (IFSC) is…
Read insight →Time limit for dispose of application under IFSC
Time limit for disposal of applications Time limit for disposal of applications by various divisions/department are as follows: Sr No — Name of the vertical — category of applicant — time limit for disposal of…
Read insight →Inclusion of FC/FU as “Credit Institution” under The Credit Information Companies (Regulation) Act, 2005
Inclusion of FC/FU as “Credit Institution” under The Credit Information Companies (Regulation) Act, 2005 The International Financial Services Centres Authority (IFSCA) has issued a circular (Circular No. F. No.…
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