Statutory definitions under foreign exchange insurance regulation adopt meanings from the governing foreign exchange legislation for undefined expressions. Regulation 2 establishes the interpretative framework for the Foreign Exchange Management (Insurance) Regulations, 2015. It defines "Act" as the Foreign ... Summary
Statutory definitions under foreign exchange insurance regulation adopt meanings from the governing foreign exchange legislation for undefined expressions.
Regulation 2 establishes the interpretative framework for the Foreign Exchange Management (Insurance) Regulations, 2015. It defines "Act" as the Foreign Exchange Management Act, 1999, and applies meanings assigned under that Act to words and expressions not independently defined. Undefined terminology is therefore construed consistently with the governing foreign exchange legislation.
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