https://www.taxtmi.com/news?id=23859 The Authority adopted Market Infrastructure Institutions Regulations to permit flexible shareholding, enhanced governance, and strengthened risk management for MIIs in the IFSC, aligned with global standards. It approved draft Finance Company Regulations allowing non bank units as branches or local entities subject to FATF jurisdictional, capital and due diligence requirements, with activity based prudential and capital treatment. Banking unit permitted activities were expanded to include portfolio management and investment advisory services, and a fee structure for MIIs, intermediaries and international banking units in the IFSC was approved. en-us Wed, 17 Mar 2021 09:27:47 +0530 Wed, 17 Mar 2021 09:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23859 The Authority adopted Market Infrastructure Institutions Regulations to permit flexible shareholding, enhanced governance, and strengthened risk management for MIIs in the IFSC, aligned with global standards. It approved draft Finance Company Regulations allowing non bank units as branches or local entities subject to FATF jurisdictional, capital and due diligence requirements, with activity based prudential and capital treatment. Banking unit permitted activities were expanded to include portfolio management and investment advisory services, and a fee structure for MIIs, intermediaries and international banking units in the IFSC was approved. News - Wed, 17 Mar 2021 09:27:47 +0530 https://www.taxtmi.com/news?id=23859