MISCELLANEOUSInternational Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
MISCELLANEOUSInternational Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
International Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024 Chapter II REGISTRATION OF FACTORS
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Factoring business conduct permits Factors to transact directly or through ITFS, while eligible non-Factors operate only through ITFS. Factors may undertake factoring business directly with an assignor or through an ITFS, subject to applicable law and regulatory directions. Entities other ... Summary
Factoring business conduct permits Factors to transact directly or through ITFS, while eligible non-Factors operate only through ITFS.
Factors may undertake factoring business directly with an assignor or through an ITFS, subject to applicable law and regulatory directions. Entities other than Factors may undertake factoring only through an ITFS if they meet prescribed eligibility criteria. Both Factors and eligible non-Factor entities must furnish operational information to the Authority in the manner, intervals, and form specified by it.
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