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Regulation 60 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employees must obtain prior permission before absence from duty and must submit a medical certificate for sickness or accident, subject to discretionary waiver for temporary indisposition. Unauthorised absence or leave overstay may result in loss of pay and allowances, disciplinary action, and treatment of the period as extraordinary leave unless satisfactorily justified by circumstances beyond the employee's control. Habitual lateness may lead to forfeiture of casual leave, with the relevant period treated as ordinary or extraordinary leave where no casual leave is available.
Regulation 59 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Part-time work for a private or public body or private person, and acceptance of related fees, requires prior sanction from the competent authority. Sanction is available only in exceptional cases where the work will not detrimentally affect official duties and responsibilities. The competent authority may require fees received from the approved work to be paid wholly or partly to the Authority.
Regulation 58 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Seeking to influence in service matters is prohibited. No employee may bring or attempt to bring political or other outside influence upon a superior authority to advance the employee's interests in matters relating to service in the Authority. The prohibition operates within the conduct, discipline and appeals framework governing employees.
Regulation 57 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employees require prior approval from the competent authority before giving evidence in connection with an enquiry conducted by any person, committee or authority. An employee permitted to give such evidence must not criticise the policy or actions of the Central Government, a State Government or the Authority. Prior approval is not required for evidence before specified government-appointed authorities, judicial enquiries, or departmental enquiries ordered by the competent authority.
Regulation 56 of the International Financial Services Centres Authority (Employees' Service) Regulat...
An employee must not use position or influence, directly or indirectly, to secure employment with a registered intermediary for a person related by blood or marriage to the employee or the employee's spouse, whether dependent or not. An employee must report to the competent authority when a son, daughter, or other family member accepts employment with an intermediary or undertaking with which the employee has official dealings.
Regulation 55 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Post-retirement commercial employment requires prior written approval for one year after final cessation of service. The restriction covers employment, agency, directorship, partnership, relevant advisory or consultancy practice, and liaison work with the Authority. Former employees, including contractual employees, also require approval to join or associate with registered intermediaries, with fresh approval required for another intermediary. Approval may be conditioned according to prior dealings and may prohibit representation before the Authority. Refusal requires a hearing, and applications not decided within 90 days are deemed approved.
Regulation 54 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Outside employment restrictions require an employee to obtain prior sanction from the Competent Authority before accepting, soliciting, or seeking any external employment or office. The restriction applies whether the outside engagement is paid or honorary and operates as part of employee conduct, discipline, and appeals obligations.
Regulation 53 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employees require prior sanction to contribute to the press or to make public or publish documents, papers or information acquired in an official capacity. Prior sanction is also required for publishing books or similar printed matter and for delivering public talks or lectures. No sanction is required where a broadcast, contribution or publication is purely literary, artistic, scientific, professional, cultural, educational, religious or social in character.
Regulation 52 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employees are prohibited from membership, office-bearing, or direct or indirect association with trade unions of the Authority's employees or federations of such trade unions. They must not resort to, abet, or participate in strikes or violent, unseemly, or indecent demonstrations relating to their own or any other employee's service conditions.
Regulation 51 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Political neutrality of employees is maintained by prohibiting active participation in politics or political demonstrations. Employees are also barred from standing for election to a Municipal Council, District Authority, other local body, or legislative body.
Regulation 50 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employee conduct and duty obligations require honest and faithful service, promotion of the Authority's interests, and courteous dealings with the public, government officers and the Authority. Employees must maintain integrity, good conduct, discipline, devotion and diligence, and avoid unbecoming conduct. They must not use dilatory tactics or wilfully delay assigned work, must exercise official powers according to best judgment unless directed by a superior, and must seek to ensure integrity and devotion to duty among persons under their control.
Regulation 49 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employee confidentiality obligations prohibit direct or indirect disclosure of confidential information concerning the Authority's affairs, except where compelled by competent authority or directed in the discharge of official duties. Information acquired through the Authority or official duties cannot be used for personal benefit or for the benefit of friends or relatives. Unpublished price sensitive information may be communicated only when required for official duty. Employees, including contractual and temporary personnel, must make the prescribed declaration of fidelity and secrecy before assuming duties.
Regulation 48 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Regulation 48 requires every employee to comply with the applicable service regulations and to obey orders and directions issued by persons exercising jurisdiction, superintendence, or control over the employee.
Regulation 47 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Scope of an employee's service requires an employee's whole time to remain at the disposal of the Authority unless expressly provided otherwise. The employee must serve the Authority's business in the capacity and at the place to which he or she is directed from time to time.
Regulation 46 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Failure by an employee to join the post within the allowed joining time is deemed to constitute a breach of Regulation 60 under the International Financial Services Centres Authority (Employees' Service) Regulations, 2020.
Regulation 45 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Joining time may be granted to enable an employee to assume a new post, but is unavailable where there is no change in headquarters. The period is treated as duty, with pay and allowances governed by the applicable service framework, and cannot exceed seven days excluding entitled journey time. Unavailed or curtailed joining time on transfer may be taken as Special Casual Leave subject to prescribed conditions; any remaining balance is credited to the employee's Ordinary Leave account.
Regulation 44 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Pay during special leave is fixed at one-half of leave pay. After six months, the payment must be reduced to one-quarter of leave pay unless the Chairperson grants special sanction permitting otherwise.
Regulation 43 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Special leave for private affairs is limited to an aggregate of 360 days during service and is generally unavailable where ordinary leave is admissible. Quarantine absence may be treated as ordinary, sick or special leave for up to 90 days, with special leave available despite admissibility of ordinary leave. Study leave for whole-time employees may be sanctioned for knowledge upgradation up to 24 months, subject to limits on combined leave and a five-year post-study-leave service bond.
Regulation 42 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Extraordinary leave may be granted where no other leave is due and sick or special leave is not justified. It is ordinarily limited to 90 days on one occasion and 360 days during service. The competent authority may combine it with other admissible leave or retrospectively convert unauthorised absence into extraordinary leave. The leave is unpaid and normally does not count for increments, but may count where illness or another cause beyond the employee's control justified the absence.
Regulation 41 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Accident leave may be granted to an employee injured while performing duties, for the recovery period certified by the Authority's Medical Officer. Employees injured on official tour or duty are also eligible upon certification by the Authority's Medical Officer or a Government doctor. At the employee's option, another admissible leave category may be granted in combination with or continuation of accident leave. Full leave pay applies for the first four months of accident leave, followed by half leave pay for the remaining period.