International Financial Services Centres Authority vide circular dated September 15, 2023 has issued directions under Authorization of Scheme file under IFSCA (Fund Management) Regulations 2022. In order to provide operational clarity, it has been decided that all Fund Management Entities shall henceforth seek authorization from the Authority for each scheme filed.
This direction shall be complied by Fund Management Entities w.e.f September 15, 2023.
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the
The suggestion relating to the appointment process aims to achieve better shareholder participation in the appointment process of PIDs. For improving ease of doing business
It is proposed that merchant bankers, other than Banks, Public Financial Institution and their subsidiaries, shall undertake only those activities, which are related to securities
DoT has notified ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’. The rules provide for powers and functions of administrator, who will be responsible for
Stay up-to-date with the latest regulatory developments from Legality Alerts, directly in your inbox. Never miss another important regulatory compliance news alert.
Solutions
Resources
