Regulation of financial products empowers the Authority to govern IFSC services, institutions and recommend permitted activities. The Authority has a statutory duty to develop and regulate financial products, financial services and financial institutions in International Financial ... Summary
Regulation of financial products empowers the Authority to govern IFSC services, institutions and recommend permitted activities.
The Authority has a statutory duty to develop and regulate financial products, financial services and financial institutions in International Financial Services Centres and may take measures it deems fit. Its powers include regulating pre-existing permissions granted by any regulator, regulating products or institutions notified by the Central Government, recommending additional products or services to the Central Government for permission in a Centre, and performing other functions as prescribed.
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