IFSC regulatory powers consolidate financial product, service and institution oversight, applying regulator procedures and foreign-currency penalty collection. Within International Financial Services Centres, the Authority exercises designated regulators' powers over financial products, financial services and ... Summary
International Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Setting Up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
International Financial Services Centres Authority (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Ins...
International Financial Services Centres Authority (Preparation and Presentation of Financial Statements of International Financial Service Centre Ins...
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business)...
IFSC regulatory powers consolidate financial product, service and institution oversight, applying regulator procedures and foreign-currency penalty collection.
Within International Financial Services Centres, the Authority exercises designated regulators' powers over financial products, financial services and financial institutions. Procedures under the scheduled laws for registration, reporting, inspection, investigation, settlement, adjudication, appeals, and recovery of fees or penalties apply mutatis mutandis. Penalties, fines, fees and settlement amounts are realised in foreign-currency equivalent using the applicable Reserve Bank of India exchange rate, while penalties and fines realised are credited to the Consolidated Fund of India in Indian rupees.
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