Informal guidance scheme provides no action and interpretive letters to clarify IFSC regulatory issues, non binding and confidential. The Scheme provides a mechanism for seeking informal guidance from the Authority via no action and interpretive letters on regulatory provisions administered in the IFSC. Eligible applicants must file electronically with prescribed disclosures; Departments may seek clarifications, target disposal within a stated timeline excluding applicant response time, and may decline ineligible or duplicative requests. Guidance will be published with a limited confidentiality period, is non binding and not an Authority order, and may be set aside if obtained by fraud or misrepresentation.
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.
Informal guidance scheme provides no action and interpretive letters to clarify IFSC regulatory issues, non binding and confidential.
The Scheme provides a mechanism for seeking informal guidance from the Authority via no action and interpretive letters on regulatory provisions administered in the IFSC. Eligible applicants must file electronically with prescribed disclosures; Departments may seek clarifications, target disposal within a stated timeline excluding applicant response time, and may decline ineligible or duplicative requests. Guidance will be published with a limited confidentiality period, is non binding and not an Authority order, and may be set aside if obtained by fraud or misrepresentation.
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