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          <h1>SEBI's Authority Limited: IFSCs Governed by International Financial Services Centres Authority under 2019 Act, Not SEBI.</h1> The powers of the Securities and Exchange Board of India (SEBI) do not extend to International Financial Services Centres (IFSCs) established under the Special Economic Zones Act, 2005. Instead, these powers are exercised by the International Financial Services Centres Authority, as per the International Financial Services Centres Authority Act, 2019. This authority regulates financial products, services, and institutions within IFSCs.

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