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        Indian Laws

        Regulation 10 - Appointment or Designation of Principal Officer and Compliance Officer

        International Financial Services Centres Authority (Global In-house Centres) Regulations, 2025
        Chapter IV
        FIT AND PROPER, AND REQUIREMENTS RELATED TO PRINCIPAL OFFICER AND COMPLIANCE OFFICER

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        Appointment of principal and compliance officers in GIC Units requires full-time IFSC-based roles with specified reporting duties. Regulation 10 requires a GIC Unit to appoint or designate a Principal Officer responsible for overall activities and a Compliance Officer responsible for compliance with policies, record maintenance and applicable laws; both officers must be full-time employees based in the International Financial Services Centre, and the Compliance Officer must report to the Board of Directors or head of the organisation.
                          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 in GIC Units requires full-time IFSC-based roles with specified reporting duties.

                                Regulation 10 requires a GIC Unit to appoint or designate a Principal Officer responsible for overall activities and a Compliance Officer responsible for compliance with policies, record maintenance and applicable laws; both officers must be full-time employees based in the International Financial Services Centre, and the Compliance Officer must report to the Board of Directors or head of the organisation.


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