Public comments on Draft IFSCA (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2023 is published by IFSCA. The consultation paper seeking comments/views from public on the draft IFSCA (Investment by IFSC Insurance Office) (Amendment) Regulations, 2023 was issued by IFSCA on 29-Aug-2023.
A comments was received suggesting that an IIO may be allowed to invest its Assets in India, through extant regulatory framework on Foreign Portfolio Investment, as specified by the Reserve Bank of India and the Securities and Exchange Board India;
The above comment was considered suitably and the revised draft of the IFSCA (Investment by IFSC Insurance Office) (Amendment) Regulations, 2023 was placed before the Authority in its meeting held on September 27, 2023.
