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<h1>Section 115UB amended: New phrase added to expand regulatory framework for financial entities under 2022 regulations.</h1> Section 115UB of the Income-tax Act has been amended by the Finance Act, 2023. The amendment involves an addition to Explanation 1, clause (a), where the phrase 'regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made' is inserted following the reference to the Securities and Exchange Board of India Act, 1992. This change expands the regulatory framework applicable to certain financial entities under the specified regulations.