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 ... Summary
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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