Jurisdictional exclusion of securities regulator authority: IFSC Authority governs permitted financial products, services and institutions in IFSCs. Section 28C provides that the Board's powers under the Act shall not extend to an International Financial Services Centre established under the Special ... Summary
Jurisdictional exclusion of securities regulator authority: IFSC Authority governs permitted financial products, services and institutions in IFSCs.
Section 28C provides that the Board's powers under the Act shall not extend to an International Financial Services Centre established under the Special Economic Zones Act, and that regulation of financial products, financial services and financial institutions permitted in such centres shall be exercisable by the International Financial Services Centres Authority established under the International Financial Services Centres Authority Act.
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