Ifsc regulations 5. an average consolidated pre-tax profit, of at least USD one million during the preceding three financial years, and Mar 27, 2025 · The Authority also approved a transition to IFSCA (Fund Management) Regulations, 2025, granting a one-time extension for expired private placement memoranda under specific conditions. IFSCA is a statutory authority that regulates and develops the International Financial Services Centres (IFSCs) in India. P. (2). The IFSC Authority has clarified that to bolster GIFT City’s evolution into a more Guideline on manner of determining net worth for individuals under IFSCA Banking Regulations: 11/12/2020: IFSC (Banking) Regulations, 2020 – Prudential Regulatory Requirements (last updated on February 19, 2021) 11/12/2020: Membership of stock exchanges and clearing corporations in IFSC by foreign entities: 11/11/2021 2[(c) “IFSC Banking Unit” or “Banking Unit” means a financial institution under clause (c) of sub-section (1) of Section 3 of the Act that is licensed by the Authority to undertake permissible activities under these regulations;] 1 International Financial Services Centres Authority (Payment Services) Regulations, 20241 [As amended upto 2nd April, 2024] In exercise of the powers conferred by sub-section (1) of Section 12 read with sub-section 1 of section 28 On September 1, 2020, the IFSCA issued the IFSCA (Insurance) Regulations, 2020, for regulating the insurance sector in the IFSC. [ 18 ] On December 7, 2020, the IFSCA signed an MoU with the Abu Dhabi Global Market (ADGM) to promote and develop the financial services industry in their respective jurisdictions. These avenues include extant structures such as initial public offerings ( IPOs ), follow-on public offerings ( FPOs ), preferential issues, rights issues, issuance of depository Jul 27, 2022 · III. . The Regulations provide for a comprehensive framework governing a host of fund management activities in IFSC, ranging from various types of private investment funds, special situations funds, mutual funds, hedge funds, portfolio management services, ETFs, family offices, REITS and InvITs. 2. (B. Definitions 2. (1) In these regulations, unless the context otherwise requires, ─ May 13, 2025 · New CMI Regulations clarify that minimum net-worth requirement shall now be separate and in addition to the minimum net worth requirements applicable for other activities outside IFSC or within IFSC under any other regulations or framework. Kanungo) 2 Public Offerings through IFSC Stock Exchanges The Regulations enable IPOs of securities through IFSC Stock Exchanges by issuers who have: a. For instance, a registered FME, intending to undertake the activities of a distributor, will now be Feb 10, 2025 · (2) An entity operating as a branch shall at all times comply with the minimum net worth requirements specified in these regulations for its activities in IFSC which may be maintained at the level of the parent entity, and the parent entity shall ensure that adequate funds are available for the day-to-day operations of the branch. Subject to the provisions of Section 1(3) of the Act, and save as otherwise provided in these Regulations or any other Regulations or directed by the Reserve Bank of India from time to time, nothing contained in any other regulations shall apply to a financial institution or branch of a financial institution set up in an IFSC. Snapshot of fund regime in IFSC. These regulations may be called the International Financial Services Centres Authority (Finance Company) Regulations, 2021. In line with the vision of the Government of India to enhance the ease of doing business, in the Union Budget for FY 2023-24, the Hon’ble Union Finance Minister announced that: Date Title View Download; 31/03/2021: International Financial Services Centres Authority (Finance Company) Regulations, 2021: 31/03/2021: International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 Sep 13, 2024 · The Regulations provide for various avenues to access capital markets through IFSC Stock Exchanges (including those which are prevalent in international markets). Find events calendar, all past and future results, ranking, IFSC news, photos, videos. Official website of the International Federation of Sport Climbing. Cups and Cup events may carry the following additional designations: Date Title View Download; 30/08/2006: The Government Securities Act, 2006: 23/06/2005: The Credit Information Companies (Regulation) Act, 2005: 20/09/1972 (1) These regulations shall be called the International Financial Services Centres Authority (Fund Management) Regulations, 2022. • Subsidiary company meaning a company that satisfies the definition u/s 2(87) of the Companies Act, 2013. Aug 20, 2024 · The International Financial Services Centres Authority (“IFSC Authority”) released a consultation paper on August 5, 2024 (“Consultation Paper”), proposing a host of amendments to the IFSCA (Fund Management) Regulations, 2022 (“FM Regulations”). Jul 12, 2023 · • Specified foreign currency meaning currencies specified in the First Schedule to these regulations. Cup or Cup Series refers to an annual competition series authorised by the IFSC (or a subordinate continental council of the IFSC) in any of the Boulder, Lead and Speed Disciplines and listed on the calendar of events published by the IFSC. They shall come into force from the date of their publication in the Official Gazette. Definitions (1) In these regulations, unless the context otherwise requires, - Feb 20, 2025 · The FM Regulations 2025 replace the IFSCA (Fund Management) Regulations, 2020, which were notified on April 13, 2022. an operating revenue of at least USD 20 million in the preceding financial year, and b. IV. (2) These regulations shall come into force on the thirtieth day from the date of its publication in the Official Gazette. Regulation 3 (1-A) relating to A Banking unit setting up in an IFSC as an • IFSC Banking Unit • IFSC Banking Company (1). These updates aim to align IFSC regulations with global standards, enhance operational transparency, and simplify compliance for market participants. Find the latest regulations, circulars, public comments and consultations on IFSCA's website. lgdruzvfdeeeoawqpgavbjlzydbbrttmjbxunbfeluepxstwf