Amended in Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) Rules, 2015 - S.O. 968 (E) - Special Economic Zone
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International Financial Services Centre units regulation: approval subject to SEZ rules and guidelines from financial regulators. Notification permits establishment and approval of units in an International Financial Services Centre within Special Economic Zones under the Special Economic Zones Rules, subject to applicable guidelines and regulations framed by the relevant financial regulators; specified annexures set out the regulatory instruments for insurance, foreign exchange management, and securities regulation, and units must conform to the Special Economic Zones Act and associated rules and regulations.
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International Financial Services Centre units regulation: approval subject to SEZ rules and guidelines from financial regulators.
Notification permits establishment and approval of units in an International Financial Services Centre within Special Economic Zones under the Special Economic Zones Rules, subject to applicable guidelines and regulations framed by the relevant financial regulators; specified annexures set out the regulatory instruments for insurance, foreign exchange management, and securities regulation, and units must conform to the Special Economic Zones Act and associated rules and regulations.
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