IFSCA extends timeline for providing comments/suggestion draft IFSCA (Payment Services) Regulations, 20XX


IFSCA has provided extension of time for providing comments/suggestion on public consultation paper on proposed IFSCA (Payment Services) Regulations, 20XX. The regulations lay down the process for applying to be a Payment Service Provider (PSP) and the types of authorizations that shall be granted for the Authority. The regulations also permit the Authority to revoke an authorization previously granted and also lay down the procedure for a PSP to surrender an authorization previously granted.

The draft regulations are placed on the website of the IFSCA at https://ifsca.gov.in/PublicConsultation. General public and stakeholders were requested to forward their comments/suggestions through e-mail to Mr. Supriyo Bhattacharjee at supriyo.b@ifsca.gov.in and Mr. Vaibhav Sattavan at vaibhav.sattavan@ifsca.gov.in on or before July 5, 2023.

It has now been decided to extend the last date for submission of comments/suggestions by general public and stakeholders to July 26, 2023.

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