Ifsc guidelines. IFSCA/2022-23/GN/GL001.

Ifsc guidelines In March, 2015, SEBI had issued guidelines for facilitating and regulating financial services relating to securities market in an International Financial Service Centre (“IFSC”) set up under section 18(1) of Special Economic Zones Act, 2005 at GIFT City, Gujarat. in. About IFSCA International Financial Services Centres Authority. Circular 97 seeks to amend the SEBI IFSC guidelines relating to debt securities as follows – Guideline number Earlier worded clause - 6 days ago · Registration and operations of IFSC insurance offices guidelines. Earlier, such AIFs were permitted referred as [ODI Guidelines]). An AIF operating in IFSC is permitted to make investment in terms of sub-clause (3) of clause 22 of SEBI IFSC Guidelines and circulars issued in this regard by SEBI from time to time. denominated bonds issued/ listed in IFSC (except to the extent permitted by RBI). The funds can invest in securities which are listed in IFSC, issued by companies incorporated in IFSC and issued by companies belonging to foreign jurisdiction. Oct 28, 2022 · International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 i. Guidelines for utilisation of office space or manpower or both by Finance Company(ies)/ Unit(s) undertaking ship leasing activity in the International Financial Services Centre (“IFSC”) 20241004 04/10/2024 E-mail the referral packet with the above documents as one attachments to ISFC@DCFS. Further, in terms of Clause 3 (1) of the IFSC Guidelines, SEBI can issue guidelines for any entity desirous of undertaking any other financial services relating b. Further, in terms of Clause 3 (1) of the IFSC Guidelines, SEBI can issue guidelines for any entity desirous of undertaking any Refer to IFSC Classification Rules. Notification on enabling ship lease as a financial product in the IFSC: 09/12/2022: Notification for renewal of recognition to India International Bullion Exchange IFSC Limited: 08/04/2015: Setting up of IFSC units in Special Economic Zone: 08/03/2015: Procedure for Setting up an IFSC units in Special Economic Zone: 07/03/2024 are also eligible to list their securities. IFSCA/2022-23/GN/GL001. 26 Brief Overview of Insurance Providers in IFSC In this regard, the IFSCA has issued IFSCA (AML, CFT & KYC) Guidelines, 2022, laying down the compliance obligations regulated entities must adhere to. For operating as an AIF, a fund is required to procure registration from the IFSC Authority (as set up under the IFSC Authority Act, 2019). "Recognised entity" shall be construed in accordance with Clause 2(1)(j) of SEBI (IFSC) Guidelines) 2015. Reference is drawn to the International Financial Services Centres Authority (Anti (3) Save as otherwise provided in these Guidelines or as specified by the Board from time to time, all provisions of securites laws shall apply to a financial institution operating in an IFSC. Moreover, it provides a breakdown of the step-by-step process of IFSCA compliance requirements, encompassing: IFSC JUDGING GUIDELINES 23. gov. Registration process: An AIF established or incorporated in IFSC in the form of a trust, or a company, or a limited liability partnership (LLP), or a body corporate can seek registration with SEBI. (4) These Guidelines shall be subject to the guidelines of Governement of India on foreign investment. The IFSC Guidelines provide for a broad framework for operating of various intermediaries (including Investment Advisers) therein, as defined in Clause 2 (1) (g) of the IFSC Guidelines. May 12, 2020 · 3. . ITFS refers to an electronic platform for facilitating the financing of trade IFSC Sustainability Guidelines 3. 2. Operations of IFSC insurance intermediary offices guidelines. Gandhinagar, the 28th October, 2022. The detailed list should be sent least 3 months before the IFSC Event for IFSC’s approval. Venue description and walls requirements and guidelines 2025. Any person as specified in sub-clause (1) of clause 22 of SEBI IFSC Guidelines may invest in AIFs operating in IFSC. Two 15m sets required (2 Nov 26, 2018 · The IFSC Guidelines provide for broad framework for setting up of Alternatives Investment Funds (hereinafter referred to as ‘AIF’) in IFSC. Any financial institution or branch of a financial institution set up in the IFSC and permitted/recognised as such by the Government of India or a Regulatory Authority shall be treated as a person resident outside India. Global Collaboration: The IFSC works closely with international organizations, including the International Olympic these Guidelines; (5) "OTA" means the Domestic Tariff Area as defined under Special Economic Zones Act, 2005. Accordingly, the attached Guidelines are being issued to put in place a framework to address operational issues for the International Financial Services Centres Insurance Intermediary Office (IIIO) in the International Financial Services Centre (IFSC). The Regulations provide for various avenues to access capital markets through IFSC Stock Exchanges (including those which are prevalent in international markets). News and updates about all IFSC events will be available on the IFSC website on the Federation’s digital channels: Facebook, Instagram, LinkedIn, X, Threads, TikTok, YouTube, and exclusively for the Chinese audience, Douyin, Weibo, and Xiaohongshu. Such a person shall also not invest/trade in other debt securities issued/ listed in IFSC by Indian entities. (2021). 1 | P a g e International Financial Services Centres Authority (Finance Company) Regulations, 20211 [ As amended upto 1st July, 2022] In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) GIFT-IFSC Sub: Guidance to the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022. The guidelines supersede the earlier guidelines dated 06 April, 20152 and the circular3 dated 28 January, 2016 issued by the IRDAI. lacounty. A copy of these Guidelines is available on the website of IFSCA at www. 1 VERSION No 23. All Finance Companies’ in the International Financial Services Centre (IFSC) Subject: Guidelines on Corporate Governance and Disclosure Requirements for a Finance Company Reference is drawn to the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (hereinafter referred to as ‘Regulations’), notified Investment Advisers (IA), to operate in the IFSC; however, the operating guidelines for IAs were under review. 26/02/2025 Consequently, cyber security is not just a necessity but a foundational pillar for ensuring the stability, resilience, and credibility of the financial services offered within the GIFT IFSC. Sir/Madam, A. (6) "IFSC Insurance Office" (herein after referred to as '110') means an office of applicant registered with the Authority under these Guidelines to transact The IFSCA has issued IFSCA Anti-Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines, 2022 (IFSCA AML Guidelines), which provide for entities operating in the IFSC to conduct Customer Due Diligence process to mitigate the ML/FT and PF risks posed by customers. The ODI Guidelines will govern investment in overseas entities or immovable property outside India by persons resident in India and will replace the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 and the Foreign Exchange Management (Acquisition and Transfer of Immovable The primary goal of the scheme is to encourage the establishment of a world-class FinTech hub at the International Financial Services Centre (IFSC) in India, comparable to those located in advanced International Financial Centers (IFCs) across jurisdictions, by providing financial support to FinTech activities in the form of specific grant(s) as specified in the scheme, based on their the concepts related to the IFSCA (AML, CTF and KYC) Guidelines, 2022 (“Guidelines”). ifsca. The full IFSC World Cup Series 2025 calendar can be found here. It is divided into 12 chapters and covers various aspects of asset management such as AIFs, portfolio management, mutual funds, exchange traded funds, environment and social governance, investments trusts (both infrastructure investment trusts and real estate In 2015, the Reserve Bank of India (RBI) issued guidelines (RBI IFSC Banking Unit [IBU] Guidelines)5 for establishing banking units in the International Financial Services Centre (IFSC), prescribing the regulatory framework for setting up an IBU by Indian and foreign banks. Any queries about the Guidelines may be addressed to Division of AML/CFT at aml-cft-div@ifsca. The IFSC-regulated entities must appoint a designated AML Principal Officer competent to manage the overall AML compliance program of the entity. Currently, there are two IFSC Stock Exchanges i. What is an IFSC and how does it work? Mint. 1 DATE April 2023 DISTRIBUTION IFSC Officials PREPARED BY IFSC Rules Commission: François Leonardon, Werner Gachter, Matt Ornes IFSC Judges Commission: Stanley Yeo, Johannes Altner, Paul Ledet Jan 16, 2019 · g) ForeignExchange Requirements - All applicants shall comply with extantForeign Exchange Management (IFSC) Regulations, 2015 or any other correspondingcircular guidelines issued by RBI, from time to time, in the matter ofcurrency transactions in IFSC and any other laws as applicable to SEZs. CHAPTER 11 Dec 11, 2024 · (A) Meaning for International Financial Services Center (IFSC) in India 1. Intermediary Guidelines1 (guidelines) to grant permission to Insurance Intermediaries (Intermediaries) to set up shop and undertake operations in the International Financial Services Centre (IFSC). For introduction on IFSC (i) IFSC’s authority (IFSCA) is established on April 27, 2020 under International Financial Services Centres Authority (IFSCA) Act, 2019 passed by India’s parliament having headquarter as located at GIFT City, Gandhinagar (Gujarat). Operating Guidelines for AIFs in IFSC. Under the extant IFSCA Banking Regulations, an IBU can be set up and operate only as a branch of a parent bank that is regulated by its Home May 5, 2022 · 1 Please note the FME Regulations provide a comprehensive framework for the regulation of asset management industry in the IFSC. 3. NOTIFICATION. As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment. (2018, October 10). The key highlights of the operating guidelines are as follows: 1. Based on the deliberations in Alternative Investment Policy Advisory Committee (AIPAC) and in consultation with other stakeholders, it has been decided to put in place ‘Operating Guidelines for 4. Sport Class: A category for Competition defined by the IFSC by reference to the extent to which an Athlete can perform the specific tasks and activities required by a sport. iv. In the course setting of a slalom ski race, for example, courses are designed with an expectation that all skiers should pass each gate and complete the course with a ranking by time. 25 10. After deliberation with various stakeholders, the SEBI has issued a circular1 on 9 January 2020, specifying the “Operating guidelines for IA in IFSC” (IFSC Operating Guidelines). Livemint. Goals To create a dynamic, vibrant lighting style that gives IFSC a recognisable look and ultimately promotes audience familiarity around the brand. When assessing potential wall suppliers, the LOC should follow these guidelines and consult the IFSC for further details. Guidelines for Stock Exchanges, Clearing Corporations and Depositories. Eligibility and shareholding. Sport Class Status: A designation applied to a Sport Class to indicate the extent to which an Athlete may be required to International Financial Services Centres Authority IFSC route setting guidelines In most sports, competitors’ performances are differentiated based on time or judges’ scoring of skills. Aug 9, 2021 · The SEBI (IFSC) Guidelines, 2015 read with the Operating Guidelines, and the Foreign Exchange Management (IFSC) Regulations, 2015 are the primary sources of regulation for AIFs in an IFSC. Nov 26, 2018 · Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto Broadcast Lighting Guidelines EXECUTIVE SUMMARY Objective To give a professional, consistent, look and feel to the International Federation of Sports Climbing (IFSC) broadcast coverage. The first list should be submitted 9 months prior to the event. In case of any disparity between these FAQs and the provisions of relevant Acts/rules/regulations/ Guidelines, the later shall prevail. IFSC Routesetters Checklist Timeline: a list of detailed holds, macros, and volumes must be submitted to IFSC. Once the referral is received by the ISFC Administrative team, the team will determine next steps depending on whether the youth is Matched with a home prior to the referral or is Unmatched and needs an ISFC home to be identified. In detail The key highlights of the Insurance Regulatory and Development Authority of India (International Financial Service Centre) Guidelines, 2015: 01/11/2022: IFSCA (Anti Money Laundering, Counter Terrorist-Financing and Know Your Customer) Guidelines, 2022: 01/11/2021 Jan 10, 2020 · The IFSC Guidelines provide for a broad framework for operating of various intermediaries (including Investment Advisers) therein, as defined in Clause 2 (1) (g) of the IFSC Guidelines. IFSCA (AML/CFT and KYC) Guidelines, 2022. Find events calendar, all past and future results, ranking, IFSC news, photos, videos. 5. 2[(c) “IFSC Banking Unit” or “Banking Unit” means a financial institution under clause (c) of sub-section (1) of Section 3 of the Act that is licensed by the Authority to undertake permissible activities under these regulations;] (d) “Foreign Bank” means a banking company incorporated or established outside India; (e) 3[* * *] Dec 25, 2024 · These Guidelines are the revised guidelines which aim to act as a comprehensive framework for the operation, registration, and management of International Trade Finance Service platforms (“ITFS”) within International Financial Services Centres (“IFSC”). Further, in terms of Clause 3 (1) of the IFSC Guidelines, SEBI can issue guidelines for any entity desirous of undertaking any other financial services relating ‘Operating guidelines for AIFs in IFSC’ (operating guidelines). Safety In principle, the company must prioritize the safety of the athletes who will climb on the walls and the IFSC Officials and operational staff who are present around the FOP. These Guidelines on cyber security and cyber resilience intend to lay down International Financial Services Centres Authority (IFSCA)’s broad Feb 18, 2019 · Any person specified under clause 22(1) of the IFSC Guidelines, which prescribes the conditions on investment, may invest in AIFs operating in the IFSC. SEBI (International Financial Services Centres) Guidelines, 2015 (‘IFSC Guidelines’) The provisions of IFSC Guidelines and relevant circulars shall also apply to Portfolio Managers (PM) setting up/ operating in IFSC subject to these operating guidelines. Sep 13, 2024 · The IFSCA, on 16 July 2021, notified the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 (Regulations), superseding the Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015. Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022: 26/05/2023: Guidance to the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022. These Guidelines shall be subject to the guidelines of Governement of India on foreign investment. Registration of Portfolio Managers a. The IFSC recognizes the importance of strategic partnerships to drive innovation, expand reach, and maximize impact. 4. Persons seeking registration under the Investment Adviser Regulations read Wth these Guidelines shall provide investment advisory services only to those persons referred in Clause 9 (3) of the IFSC Guidelines. The applications of foreign banks will be considered on the basis of extant guidelines for setting up branches in India subject to the additional requirement of the home country regulator/s confirmation in writing of their regulatory comfort for the bank’s presence in the IFSC, having regard among other things, to the provisions of paragraphs SEBI (IFSC) Guidelines) 2015. INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY. Further, in terms of Clause 3 (1) of the IFSC Guidelines, SEBI can issue guidelines for any entity desirous of undertaking any Jan 9, 2020 · The IFSC Guidelines provide for a broad framework for operating of various intermediaries (including Investment Advisers) therein, as defined in Clause 2 (1) (g) of the IFSC Guidelines. Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 Circular Mar 27, 2015 · SEBI provides guidelines for International Financial Services Centres to protect investors' interests and regulate securities markets effectively. India International Exchange and NSE International Exchange. International Financial Services Centres Authority. The purpose of these guidelines is to facilitate and regulate financial services relating to securities market in an International Financial Services Centre set up under Section 18(1) of Special Economic Zones Act, 2005 and matters Save as otherwise provided in these Guidelines or as specified by the Board from time to time, all provisions of securites laws shall apply to a financial institution operating in an IFSC. Any Indian recognised stock exchange or any stock exchange of a foreign jurisdiction may form a subsidiary to provide the services of stock exchange in International Financial Services Centre where at least 51% of paid up equity share capital is held by such exchange and remaining shares may be offered to any other Dec 4, 2018 · Background. 6 %âãÏÓ 48 0 obj > endobj xref 48 14 0000000016 00000 n 0000000843 00000 n 0000000906 00000 n 0000001151 00000 n 0000001280 00000 n 0000001369 00000 n 0000001459 00000 n 0000001553 00000 n 0000009301 00000 n 0000009961 00000 n 0000010182 00000 n 0000010353 00000 n 0000012213 00000 n 0000000576 00000 n trailer ]/Prev 3074413>> startxref 0 %%EOF 61 0 obj >stream hÞb```f``ªg`a`º6 2. Speed Official Speed Holds IFSC Official Speed Holds. Operating Guidelines for Investment Advisers in IFSCs . 1. Partnerships for the Goals Achieving sustainability goals requires collaboration. Further, in terms of Clause 3 (1) of the IFSC Guidelines, SEBI can issue guidelines for any entity desirous of undertaking any are also eligible to list their securities. e. The guidelines also require that anasset management company of a mutual fund operating in IFSC shall have a net worth of not less thanUS$ 2 million which shall be increased to US$ 10 %PDF-1. Further, such AIF will be permitted to invest in securities: (a) listed in the IFSC; (b) issued by companies incorporated in IFSC; and (c) issued by companies belonging to a foreign jurisdiction. Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 - Permissible investments by Portfolio Managers, Alternate Investment Funds and Mutual Funds operating in IFSC Layout 1 This compliance handbook will help you understand the applicability of the AML, CFT, and KYC Regulations in IFSC and guide you through the compliance obligations as laid down in the IFSCA guidelines. Apr 5, 2024 · (b) ensuring that the IFSC’s financial markets are fair, efficient, transparent and orderly; and (c) fostering and maintaining confidence in the IFSC’s financial system and regulatory regime. updcb afou efzco thuwpi qasqj uzrdmx cqb bqtyqm qzvo fchsln