IFSCA Informal Guidance Framework
Written By
Share
-
Link copied to clipboard!https://treelife.in/news/ifsca-informal-guidance-framework/
-
-
-
-
Blog Content Overview
The IFSCA issued a consultation paper yesterday proposing an “informal guidance” framework, summarized below:
Who can request:
- Existing players in IFSCA
- Persons intending to undertake business in IFSC
- Others as may be specified
Types of guidance:
- No-Action Letters: Request IFSCA to indicate whether or not it would take any action if the proposed activity/ business/ transaction is carried out
- Interpretive Letters: Request for IFSCA’s interpretation of specific legal provisions
Process:
Application fee: USD 1,000
IFSCA aims to respond to requests within 30 days
The consultation paper invites stakeholders / public to submit feedback by September 10, 2024 via email This is a proactive approach by the IFSCA to foster transparency and provide support to entities operating or looking to operate within the IFSC, ensuring that they have the necessary guidance to comply with the evolving regulatory landscape.
About the Author
Share
-
Link copied to clipboard!https://treelife.in/news/ifsca-informal-guidance-framework/
-
-
-
-
We Are Problem Solvers. And Take Accountability.
Related Posts
India’s FDI Policy Just Changed – What Founders Need to Know
If you're a founder raising foreign capital, a VC with global LPs, or a manufacturing startup eyeing cross-border partnerships India...
Learn More
DroneAcharya Thought SME Listings Were Simpler – SEBI’s Order Proved Otherwise.
This is the first major SEBI enforcement action against financial fraud at an SME-listed company. It sets a precedent every...
Learn More
Outsourcing Accounting to India: A Practical Guide for US CPA Firms
If you've searched for ways to reduce overhead, handle capacity issues, or stay competitive in a shrinking talent market, you've...
Learn More