Reserve Bank powers limited: IFSC Authority regulates permitted financial products, services and institutions within IFSCs. Powers exercisable by the Reserve Bank under the Foreign Exchange Management Act do not extend to an International Financial Services Centre; regulation ... Summary
International Financial Services Centres Authority Act, 2019
Reserve Bank powers limited: IFSC Authority regulates permitted financial products, services and institutions within IFSCs.
Powers exercisable by the Reserve Bank under the Foreign Exchange Management Act do not extend to an International Financial Services Centre; regulation of financial products, financial services and financial institutions permitted in such Centres is exercisable by the International Financial Services Centres Authority established by statute.
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