IFSCA has issued a Consultation paper on proposed revised ‘Framework for undertaking Global/Regional on September 12, 2024. The objective of this consultation paper is to seek comments/views/suggestions from the public on the draft revised ‘Framework for undertaking Global/Regional Corporate Treasury Centres activities by Finance Company/Unit in IFSC’.
The circular is proposed to be revised to streamline the permissible activities/services undertaken by treasury centers and to introduce elements aligned with international best practices. This would make it attractive for entities to set up their treasury centers in the IFSC while ensuring the Authority has due oversight over their activities.
The general public, market participants and stakeholders are requested to forward their comments /suggestions and the explanatory note regarding permissible activities by GRCTC through e-mail to Ms. Riddhi Bhandari (General Manager), IFSCA at riddhi.bhandari@ifsca.gov.in and Mr. Lobhas Khairnar (Manager), IFSCA at lobhas.khairnar@ifsca.gov.in latest by October 02, 2024.
