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of <h1>Flexible Rules: IFSC Authority Can Waive Capital Market Intermediary Compliance with Detailed Justification and Fee</h1> The regulation grants the Authority discretionary power to relax strict enforcement of regulations in the International Financial Services Centres Authority's Capital Market Intermediaries framework. Applicants must submit detailed requests with specified grounds and a non-refundable fee. The Authority is obligated to process applications within thirty days, providing documented reasons for acceptance or rejection of the requested relaxation.
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