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Regulation 3 of the International Financial Services Centres Authority (Appointed Actuary) Regulatio...
3. - (1) In these regulations, unless the context otherwise requires - (a) 'Act' means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) 'Authority' means the International Financial Services Centres Authority established under sub-section (1) of Section 4 of the Act; (c) 'appointed actuary' means an actuary appointed in terms of regulation 4 of these regulations; (d) 'board' means the board of directors of an IIO, or the B... ... ...
Regulation 2 of the International Financial Services Centres Authority (Appointed Actuary) Regulatio...
2. - These regulations aim to lay down the regulatory framework for the persons who are engaged by the IIOs to perform the roles and discharge the functions as 'Appointed Actuary'. =============... ... ...
Regulation 1 of the International Financial Services Centres Authority (Appointed Actuary) Regulatio...
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 12th January, 2023 International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022 No. IFSCA/2022-23/GN/REG028.- In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (zd) of sub-section (2) of section 114A of the Insurance Act, 1938, the International Financial Services Centr... ... ...
Regulation 13 of the International Financial Services Centres Authority (Maintenance of Insurance Re...
Earlier insurance record-maintenance and investigation-and-inspection information requirements cease to apply in the IFSC from commencement of the 2022 framework. IIOs and IIIOs operating in the IFSC before commencement must comply with the additional requirements within six months. The Authority may permit an extended period for compliance, creating a transitional obligation for existing insurance offices and insurance intermediary offices.
Regulation 12 of the International Financial Services Centres Authority (Maintenance of Insurance Re...
The Authority may issue guidance notes or circulars to clarify difficulties in applying or interpreting insurance-record maintenance and information-submission requirements. On an application accompanied by the specified non-refundable processing fee, it may relax strict enforcement of any requirement, provided reasons for the relaxation are recorded in writing.
Regulation 11 of the International Financial Services Centres Authority (Maintenance of Insurance Re...
11. : For the purpose of implementation, facilitation of these regulations by IIOs and IIIOs and matters incidental thereto, the Authority may specify norms, procedures, processes and manners for compliance by IIOs and IIIOs. =============... ... ...
Regulation 10 of the International Financial Services Centres Authority (Maintenance of Insurance Re...
10. Every IIO and IIIO shall maintain the records for a minimum period of seven years, as prescribed under clause (8) of rule 39 of the Insurance Rules, 1939 or as per other applicable legal requirements, whichever is later: Provided that such period being counted from the date - a. of last transaction on the respective records or from the date of expiry of the policy whichever is later; b. on which the claim is settled. =============... ... ...
Regulation 9 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
9. : The information, data and documents maintained by the IIO and IIIO shall be reconciled with the audited financials, wherever relevant, and as per the requirements specified under other applicable laws and regulations. The records may be maintained either in physical form or electronic form and access shall be given to the personnel authorised by the Authority. =============... ... ...
Circular No. CCT/26-4/2017-18/D/2181 Dated:- 11-1-2021 Goa SGST Dated:- 11-1-2021 Goa SGST
Government of Goa Department of Commercial Taxes Vikrikar Bhavan, Panaji Goa - 403001 CCT/26-4/2017-18/D/2181 Dated: 11 January, 2021 CIRCUAR (No. 08/2020-21 - GST) Subject: As a trade facilitation measure and in order to further ease the process of doing business, the GST Council in its 42nd meeting held on 05.10.2020, had recommended that registered person having aggregate turnover up to five (5) crore rupees may be allowed to furnish return on quarterly basis along wi... ... ...
Regulation 8 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
8. Notwithstanding anything contained in these regulations, every manager, managing director or other officer including a service provider, contractor of an IIO and IIIO where services are outsourced by an IIO or IIIO, as the case may be, shall produce all such books of account, registers, other documents and the database in his custody or power and any statement and information relating to the affairs of the IIO or IIIO, as the case may be, to the Authority as and when demanded, including to an... ... ...
Regulation 7 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
7. Every IIIO shall maintain details of all past and present employees including (i) the names of the employees, (ii) employee identification number, (iii) date of appointment, (iv) date of termination if any, (v) designation, (vi) qualification; (vii) license/Registration number, (viii) license/registration validity period, (ix) date of certificate of training completion, (x) date of passing the test, (xi) dates of renewal training in case of employees qualified for solicitation of insurance bu... ... ...
Regulation 6 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
6. Every IIO shall maintain a record of its employees excluding staff or salaried field workers involved in solicitation, comprising of the (i) name; (ii) employee identification number; (iii) date of appointment; (iv) present designation; (v) PAN number; (vi) present salary; perks; (vii) allowances; any other benefits; (viii) taxes and related papers with cross-reference to appointment letter and date of termination, if any, and, (ix)in respect of any payment made to an employee or other person... ... ...
Regulation 5 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
5. Every IIO and IIIO shall submit to the Authority, as and when demanded, all records, information, data, documents, books and registers maintained under the Insurance Act, 1938, any other applicable law or the rules, regulations, guidelines, circulars or directions issued thereunder; =============... ... ...
Regulation 4 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
4. : (1) Every IIO shall have a Board approved policy for maintenance of records, which shall, inter- alia, include the following - (a) processing and electronic maintenance of records; (b) privacy and security of policyholder or cedant, as the case may be, and claim data; (c) cybersecurity policy and data protection; (d) security of hardware and software; (e) backups, disaster recovery and business continuity; (f) data archival; and ... ... ...
Regulation 3 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
3. - (1) In these regulations, unless the context otherwise requires - (a) 'Act' means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) 'Authority' or 'IFSCA' means the International Financial Services Centres Authority established under sub-section (1) of Section 4 of the Act; (c) 'board' means the board of directors of an IIO or IIIO, or the Board of the Parent Entity of an IIO or IIIO, as the case may be, in case the IIO or IIIO... ... ...
Regulation 2 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
2. : The objective of these regulations is to specify minimum information that is required to be maintained by an IIO and IIIO, for the purposes of investigation and inspection, under section 33 of the Insurance Act, 1938. =============... ... ...
Regulation 1 of the International Financial Services Centres Authority (Maintenance of Insurance Rec...
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION GANDHINAGAR, the 12th January, 2023 International Financial Services Centres Authority (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Regulations, 2022 IFSCA/2022-23/GN/REG031.-In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (ga), (j) of sub -section (... ... ...
Audit Act Rules Indian Laws
Regulation 11 of the International Financial Services Centres Authority (Maintenance of Website) Reg...
Website security requirements mandate audits by agencies empaneled by CERT-In, conducted in accordance with extant Government of India guidelines or guidelines of relevant agencies. A security audit is compulsory before the website is hosted and again after every major website update, requiring security review at both initial deployment and significant modification stages. These requirements establish mandatory audit checkpoints for website security compliance before public availability and following material changes.
Customs & Trade
Dated:- 21-9-2026
PTI
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
Regulation 10 of the International Financial Services Centres Authority (Maintenance of Website) Reg...
Website security requires the Authority to take adequate measures to secure the functioning of the website against all cyber security threats and any other threats, expressly including natural disasters. Where such an eventuality arises, immediate measures are required for restoration and recovery of the website's functioning. The obligation therefore combines preventive protection with prompt operational recovery from cyber, other, or disaster-related disruption.