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Recognition to Company Secretary in Practice under the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021 The Institute in furtherance of its continuous endeavours to provide new opportunities to its Members has been sending suggestions on various draft rules, regulations, policies and guidelines, etc. issued by Ministries, Government organizati
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FAQ :
Company Secretaries in Practice (PCS) are now authorised to certify the net worth of IFSC insurance intermediary offices and to certify compliance with the IFSCA (Registration of Insurance Business) Regulations, 2021. They can also conduct annual audits for Capital Market Intermediaries registered with IFSCA and issue net worth certificates.
The recognitions were granted under the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021, the International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021, and the International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021.
Company Secretaries in Practice can certify the net worth of IFSC insurance intermediary offices on a half-yearly basis, as required by the IFSCA (Insurance Intermediary) Regulations, 2021.
Company Secretaries in Practice are now authorised to conduct annual audits for Capital Market Intermediaries registered with IFSCA and to issue net worth certificates for applicants seeking registration as capital market intermediaries.
The notified regulations are available on the IFSCA website. Specific links provided are https://ifsca.gov.in/Regulation?MId=SPjXo43PViQ=
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