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
Government Schemes for Private Limited Companies in India
The Government of India has built one of the world’s most comprehensive support ecosystems for private limited companies, offering targeted...
Learn More
South Korean IT & Tech Business in India – Opportunities & Setup
The collaboration between India and South Korea is entering a pivotal phase, especially in the tech & digital services arena....
Learn More
Top Government Schemes for Startups in India
DOWNLOAD PDF India is becoming one of the world’s fastest-growing startup ecosystems, with over 1,40,000 registered startups contributing to innovation,...
Learn More