Regulatory clarification powers enable procedures, norms and relaxations for insurance and reinsurance financial services within IFSCs. Regulation 18 empowers the Authority to issue guidelines or circulars specifying norms, procedures, processes and manners for implementing the regulations ... Summary
Regulatory clarification powers enable procedures, norms and relaxations for insurance and reinsurance financial services within IFSCs.
Regulation 18 empowers the Authority to issue guidelines or circulars specifying norms, procedures, processes and manners for implementing the regulations and incidental matters. It may issue clarifications and grant relaxations considered fit to facilitate and regulate insurance and reinsurance-related financial services within an IFSC.
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