Regulation 9 - Appointment of Principal Officer, Compliance Officer and other human resources
International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 Chapter II REGISTRATION OF CAPITAL MARKET INTERMEDIARIES
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Appointment of Principal and Compliance Officers requires specified qualifications and experience for capital market intermediaries in IFSC. Capital market intermediaries in the IFSC must designate a principal officer and a separate compliance officer meeting prescribed educational and experience requirements, including specified professional qualifications, recognised degrees, and minimum financial services experience; alternative qualifications and experience concessions apply for certain intermediary types. Intermediaries must ensure staff undertake Authority-specified certification courses, maintain adequate manpower for IFSC activities, and may appoint the same person as principal or compliance officer across multiple registrations subject to specified exceptions and Authority review.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appointment of Principal and Compliance Officers requires specified qualifications and experience for capital market intermediaries in IFSC.
Capital market intermediaries in the IFSC must designate a principal officer and a separate compliance officer meeting prescribed educational and experience requirements, including specified professional qualifications, recognised degrees, and minimum financial services experience; alternative qualifications and experience concessions apply for certain intermediary types. Intermediaries must ensure staff undertake Authority-specified certification courses, maintain adequate manpower for IFSC activities, and may appoint the same person as principal or compliance officer across multiple registrations subject to specified exceptions and Authority review.
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