Operational guidelines on International Financial Services Centre (IFSC)

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....s Category - I (AD Category - I) banks is invited to the Foreign Exchange Management (International Financial Services Centre) Regulations  2015 dated March 2, 2015, a copy of which is at Annex. 2. In terms of the above Regulations, a financial institution or a branch of a financial institution set up in the IFSC and permitted / recognised as such by the Government or a Regulatory Authorit....

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....t may be noted that subject to the provisions of Section 1 (3) of Foreign Exchange Management Act, 1999, nothing contained in any other Regulations shall apply to a financial institution or a branch of a financial institution set up in an IFSC unless there is some express and specific provision to that effect in the Foreign Exchange Management (International Financial Services Centre) Regulations ....