FME business activity restrictions require prior approval, with reporting and intimation duties for branches and offices.

An FME may undertake only specified business activities unless it obtains prior approval of the Authority. A branch FME in an IFSC must report relevant sectoral-regulator approvals for activities outside the IFSC within fifteen days. Prior intimation, with office details, is required before opening an overseas branch or representative office for marketing offerings or client service.

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