It has come to the notice of IFSCA that an entity named Nyara Consultancy Services (IFSC) Private Limited (“Nyara”) has portrayed itself as a regulated entity in the International Financial Services Centre (“IFSC”) and had provided unauthorized forex trading to some investors without taking any registration/ authorization from IFSCA or any domestic financial sector regulator for any of its activities in the IFSC.
The investors and the general public are cautioned against dealing with any unauthorized entities in the IFSC. Any person dealing with entities in the IFSC for any financial services should ensure that such entity is regulated by IFSCA for carrying out permissible activities in the IFSC.
The list of regulated entities is available on the website of IFSCA.
