Global In House Centres rules establish registration, fit and proper governance, foreign currency reporting, and supervisory powers for IFSC GIC Units. These regulations create a framework for Global In House Centre Units in IFSCs: defining permissible financial services for Financial Institution Groups, eligibility and FATF based jurisdictional restrictions, registration via a Single Window IT System with in principle approval and 180 day compliance, maintenance of fit and proper standards for key persons, appointment of full time Principal and Compliance Officers based in IFSCs, foreign currency financial reporting, and Authority powers for inspection, enforcement, procedural guidance, relaxation, and continuity from the 2020 regime.
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Provisions expressly mentioned in the judgment/order text.
Global In House Centres rules establish registration, fit and proper governance, foreign currency reporting, and supervisory powers for IFSC GIC Units.
These regulations create a framework for Global In House Centre Units in IFSCs: defining permissible financial services for Financial Institution Groups, eligibility and FATF based jurisdictional restrictions, registration via a Single Window IT System with in principle approval and 180 day compliance, maintenance of fit and proper standards for key persons, appointment of full time Principal and Compliance Officers based in IFSCs, foreign currency financial reporting, and Authority powers for inspection, enforcement, procedural guidance, relaxation, and continuity from the 2020 regime.
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