Global-In-House Centre definitions set eligibility, structure, and compliance terminology for GIC Units in IFSCs and oversight. These regulations define a Global-In-House Centre (GIC) and a GIC Unit established in an International Financial Services Centre to provide ... Summary
International Financial Services Centres Authority Act, 2019
Global-In-House Centre definitions set eligibility, structure, and compliance terminology for GIC Units in IFSCs and oversight.
These regulations define a Global-In-House Centre (GIC) and a GIC Unit established in an International Financial Services Centre to provide financial-product and services-related support to a Financial Institution Group under permitted operating models; they authorize appointment of an Inspecting Authority, designate Single Window IT Systems (SWIT) for Certificate of Registration processing, and identify specified foreign currencies by reference to the Authority's Banking Regulations.
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