IFSC regulatory exclusion limits application of other foreign-exchange regulations to financial institutions, subject to applicable regulations and directions. Regulation 5 creates a regulatory exclusion for financial institutions and their branches established in an IFSC. Subject to the territorial application ... Summary
IFSC regulatory exclusion limits application of other foreign-exchange regulations to financial institutions, subject to applicable regulations and directions.
Regulation 5 creates a regulatory exclusion for financial institutions and their branches established in an IFSC. Subject to the territorial application condition under section 1(3) of the Act, other foreign-exchange regulations do not apply unless these Regulations, another applicable regulation, or directions issued from time to time by the Reserve Bank of India provide otherwise.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.