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of <h1>Key Terms Defined in International Financial Services Centres Authority Act, 2019: Regulators, Institutions, Products, and Services</h1> The International Financial Services Centres Authority Act, 2019 defines key terms for its application. An 'appropriate regulator' refers to any financial sector regulator listed in the Act's First Schedule. The 'Authority' is the International Financial Services Centres Authority established under the Act. A 'financial institution' operates in an International Financial Services Centre, providing services related to 'financial products,' which include securities, insurance contracts, and other specified products. 'Financial service' encompasses various activities such as buying or selling financial products, insurance, asset management, and providing financial advice. The Act also defines terms like 'foreign currency,' 'Member,' 'notification,' 'prescribed,' and 'regulations.'
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