Regulation 9 - Appointment of Principal Officer, Compliance Officer and other human resources
International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 Chapter II REGISTRATION OF CAPITAL MARKET INTERMEDIARIES
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Principal and compliance officer requirements mandate IFSC-based appointments, prescribed qualifications, experience, training, and staffing for capital market intermediaries. Capital market intermediaries operating in an IFSC must appoint separate principal and compliance officers based in the IFSC, with prescribed ... Summary
Principal and compliance officer requirements mandate IFSC-based appointments, prescribed qualifications, experience, training, and staffing for capital market intermediaries.
Capital market intermediaries operating in an IFSC must appoint separate principal and compliance officers based in the IFSC, with prescribed qualifications and experience. Principal officers oversee operations and employee compliance, while compliance officers ensure regulatory and legal compliance. Intermediaries must maintain adequate IFSC manpower and employee certification. Separate principal officers are generally required for each registration, subject to permitted common appointments for specified activities and a separate distribution-business vertical head. A single compliance officer may oversee multiple registrations, subject to review based on business size, scale and complexity.
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