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of <h1>IFSC Financial Service Providers Gain Targeted Foreign Exchange Regulatory Exemption Under Special Economic Zones Rules</h1> A statutory provision under Special Economic Zones Rules, 2006 exempts units in International Financial Service Centres (IFSC) from specific foreign exchange regulations. The exemption applies specifically to financial service providers regulated by the International Financial Services Centres Authority. The rule defines financial services by referencing the International Financial Services Centres Authority Act, 2019, providing a targeted regulatory exclusion for IFSC-based financial entities.
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