The International Financial Services Centres Authority vide notification dated 4th January, 2022 has issued the International Financial Services Centres Authority (Registration of Insurance Business) (Amendment) Regulations, 2021. The amendment provides that an applicant for Registration of Insurance Business shall provide a certificate from a practicing Chartered Accountant in India, a practicing Company Secretary in India, a practicing Cost Accountant in India or any other person with appropriate qualification, as specified by the Authority, certifying that all the requirements of the Act read with IFSCA (Registration of Insurance Business) Regulations, 2021 and notifications issued under section 2CA of the Act have been complied with by the Applicant.
