Foreign Exchange Management (International Financial Services Centre) Regulations, 2015

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....rvices Centre) Regulations, 2015 G.S.R.No.218(E) - In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations relating to financial institutions set up in International Financial Services Centres, namely:- 1. Short title and commencement:- i. These regulations may be called the Foreign Exchange ....

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....ution' shall include banks, non-banking financial companies, insurance companies, brokerage firms, merchant banks, investment banks, pension funds, mutual funds, trusts, exchanges, clearing houses, and any other entity that may be specified by the Government of India or a Financial Regulatory Authority. (c) 'Financial service' shall mean activities a financial institution is allowed to carry out ....

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.... Regulatory and Development Authority established under the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999). (h) 'PFRDA' shall mean the Pension Fund Regulatory and Development Authority established under the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013). (i) 'Regulatory Authority' shall include Reserve Bank of India (RBI), Securities Exchange Boar....