International Financial Services Centres Authority (Setting Up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
International Financial Services Centres Authority (Setting Up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
Regulation 18 - Power to remove difficulties and relax strict enforcement of the regulations
International Financial Services Centres Authority (Setting Up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
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Regulatory clarification and enforcement relaxation permit written, reasoned flexibility where compliance difficulties arise under campus operation regulations. Regulation 18 permits the Authority to issue guidance notes or circulars for resolving difficulties in applying or interpreting requirements for ... Summary
International Financial Services Centres Authority (Setting Up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
Regulatory clarification and enforcement relaxation permit written, reasoned flexibility where compliance difficulties arise under campus operation regulations.
Regulation 18 permits the Authority to issue guidance notes or circulars for resolving difficulties in applying or interpreting requirements for international branch campuses and offshore education centres. Strict enforcement of a regulatory provision may be relaxed on an application accompanied by the prescribed non-refundable processing fee, provided that reasons for the relaxation are recorded in writing.
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