Regulation 144 - Power to relax strict enforcement of the regulations
International Financial Services Centres Authority (Fund Management) Regulations, 2025 Chapter XI POWER TO RELAX, ISSUE CLARIFICATIONS AND SPECIFY ADDITIONAL REQUIREMENTS
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Regulatory relaxation permits easing of Fund Management Regulations where financial market development interests justify recorded reasons. The Authority may relax strict enforcement of Fund Management Regulations requirements in the interest of financial market development in the IFSC, ... Summary
Regulatory relaxation permits easing of Fund Management Regulations where financial market development interests justify recorded reasons.
The Authority may relax strict enforcement of Fund Management Regulations requirements in the interest of financial market development in the IFSC, subject to recorded written reasons. An applicant must file a detailed application stating the grounds for relaxation and pay the specified non-refundable fee. A complete application, including responses to clarifications sought, must be processed within sixty days, with reasons recorded for acceptance or refusal.
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