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Banking Units (BUs) may please refer to the IFSC (Banking) (Amendment) Regulation, 2021 which was notified by the Authority on March 25,2021.The said regulation permits BUs to undertake the following additional activities:
This circular shall be adopted for computation of regulatory capital prescribed for an FC/FU as the case may be, registered under section 3 of IFSCA (Finance Company) Regulations, 2021 and intending to undertake the activities as mentioned in point 5 and point 6 of the Schedule therein, viz.;
ISFCA fee structure for Finance Company/ Units is as follows: a) Application fee: $1000 for new entities (one time) b) Registration fee: $12,500 for new entities (one time) c) Annual fee: $12,500 for all registered Finance Company/Finance Unit (second year onwards)
In exercise of the powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019, the fee structure for Investment Advisers and Portfolio Managers in IFSC is being revised as follows:
The following fee structure shall be applicable to all stock exchanges operating in the IFSC a) Application/Renewal Fee of USD 1,000; b) One-time Registration Fee of USD 25,000 for new entities; c) Annual fee USD 1,000 for all registered stock exchanges; d) Turnover based fee based on the volume of operations as indicated at table I
1. (1) These regulations may be called the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021. (2) They shall come into force on the thirtieth day of its publication in the Official Gazette.
This circular is being issued to enable Banking Units – IBU (Indian Banking Units) /FBU (Foreign Banking Units) in IFSC to operate Unallocated Accounts for the purpose of trading, hedging and swapping with Physical Gold / Silver (Allocated).
(1) These regulations may be called the International Financial Services Centres Authority (IFSCA) (Finance Company) Regulations, 2021. (2) They shall come into force from the date of its notification in the Official Gazette.
IFSCA notifies International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 i.e. IFSCA (Banking) (Amendment) Regulations, 2021. INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th March, 2021 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (BANKING) (AMENDMENT) REGULATIONS, 2021 IFSCA/2020-21/GN/REG009.—In exercise of the powers conferred by sub-section (1) of section 28 read with sub-section (1) of section […]
The market infrastructure institutions (MIIs) viz. stock exchanges, clearing corporations and depositories are of critical importance in the growth and stability of any financial system. The Authority at its meeting held on March 15, 2021 approved the MII Regulations.
