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The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA). The announcement, issued through S.O. 3625(E) by the Financial Market Division of the Department of Economic Affairs, amends the Government's earlier notification dated July 24, 2020 (S.O. 2435(E)), which had been modified in May 2022, September 2022, and November 2022. Mr. Aro
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FAQ :
Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, has been appointed as a Member of the International Financial Services Centres Authority (IFSCA).
The Ministry of Finance has made the appointment.
The IFSCA is the unified regulator for financial products, financial services, and financial institutions in India's international financial services centres, headquartered at GIFT City in Gujarat.
The IFSCA plays a key role in promoting ease of doing business, developing global market participation, and regulating entities operating within IFSCs.
The appointment was made under Section 5(1)(c) of the International Financial Services Centres Authority Act, 2019.
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