Safeguarding conditions bar BATF Services based on transfers or receipts of existing group-entity contracts in India. Regulation 9 bars a BATF Service Provider from offering BATF Services through the transfer or receipt of pre-existing contracts or work arrangements from ... Summary
International Financial Services Centres Authority (Book-Keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024
Safeguarding conditions bar BATF Services based on transfers or receipts of existing group-entity contracts in India.
Regulation 9 bars a BATF Service Provider from offering BATF Services through the transfer or receipt of pre-existing contracts or work arrangements from its Group Entities in India. This safeguarding condition applies to existing group-entity arrangements used to provide such services. The meaning and scope of such transfers or receipts are determined under Part B of the First Schedule.
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