International Financial Services Centres Authority (Informal Guidance) Scheme, 2024

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.