TaxTMI 
TaxTMI 
International Financial Services Centres Authority (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2024
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....ervices Centres Authority (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2024 F. No. IFSCA/GN/2024/008.- In exercise of the powers conferred by sub-section (1) of Section 28 read with Section 12 and 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the fol....
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....Regulation, 2018, shall invest only in accordance with regulation 9B of these regulations." 3. Note:6 of Matrix-1 under regulation 9 shall be substituted by the following - "For Unit Linked Insurance Products (ULIP), the pattern of investments as specified in regulation 9A of these regulations shall be followed". 4. After regulation 9, following shall be inserted - "9A Unit Linked I....
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....r centage of the total unit linked business assets a) A Single Entity (Investee) 10 b) Within the IIO's Own Group 5 c) To any other single Group 15 d) To a particular Industrial Sector 15 Provided that in case of investments in passively managed / index-based Mutual Funds and Exchange Traded Funds (ETFs), exposure norms mentioned at sr. no. (a), (c) and....
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....ximum Exposure Limits (per cent.) 1 Securities of Central Government of India 10 2 Corporate Bonds 15 3 SEBI approved Alternative Investment Funds (AIF) - Category 1 and 2 10 4 Immovable Property including Real Estate Investment Trusts (REITs) 5 5 Infrastructure including Infrastructure Investment Trusts (InvIT) and instruments for financing Infrastructure....