IFSCA has issued the Format and manner of seeking authorization as Payment Service Provider
An applicant shall fill up the application form and submit the information sought in English. Incomplete applications shall not be considered. In case the applicant has already answered a question elsewhere in the schedules, specific reference to that cell/section may be provided to avoid duplication.
IFSCA revises Reporting Norms for Capital Market Intermediaries
The Authority will continue to monitor Capital Market Intermediaries in IFSC and may supplement / update the reporting formats, if so required. Accordingly, at the end of each quarter, the CMIs shall access the latest reporting formats from the IFSCA website under the “Downloads” section (https://ifsca.gov.in/Downloadfile/Index).
IFSCA measures for Monitoring of investments from countries sharing land border with India
This circular underscores IFSCA’s commitment to maintaining the integrity and transparency of the financial ecosystem within the IFSC. By imposing robust compliance measures, the authority aims to instill confidence among investors while safeguarding against potential risks associated with cross-border investments.
IFSCA has issued clarification regarding Maintenance of net worth by Fund Management Entity
In case the net worth of any FME falls below the specified networth, such FME shall not launch new schemes in IFSC or onboard new clients towards any of the activities or undertake new business activities permitted under the Fund Management Regulations;
UGC directions for Publicizing New Criminal Laws
The Higher Educational Institutions are requested to publicize the Bharatiya Nyaya Sanhita, 2023 around the themes contained in the flyers attached and by carrying out campaigns by way of displays through standees, distributing flyers and organizing seminars and talks by lawyers, judges both serving and retired and their respective faculties in their institutions.
