Investment compliance for International Financial Service Centre Insurance Offices depends on incorporation status and timely election of applicable norms. An IIO incorporated in an IFSC must comply with the prescribed investment framework. An IIO not incorporated in an IFSC, including a qualifying branch of ... Summary
Investment compliance for International Financial Service Centre Insurance Offices depends on incorporation status and timely election of applicable norms.
An IIO incorporated in an IFSC must comply with the prescribed investment framework. An IIO not incorporated in an IFSC, including a qualifying branch of a foreign insurer or Lloyd's India, may elect either its parent entity's investment norms or the prescribed framework. Existing registered IIOs must make the election within one month of notification, and applicants must do so when seeking registration.
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