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INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 18th October, 2021 International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 F. No. IFSCA/2021-22/GN/REG016. -In exercise of the powers conferred by sub-section (1) of Section 28 read with Section 12 and 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following Regulat
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FAQ :
The regulations aim to establish the process for the registration and operation of insurers and re-insurers within an International Financial Services Centre under the regulatory oversight of the International Financial Services Centres Authority Act, 2019.
These regulations came into force on the date of their publication in the Official Gazette.
An 'Applicant' can be an insurer registered with IRDAI, a foreign insurer or re-insurer, a Society of Lloyd's, a branch office of a foreign insurer, a public company or subsidiary of an insurer, an insurance co-operative society, or a body corporate incorporated outside India (not a private company).
These regulations operate under the International Financial Services Centres Authority Act, 2019.
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Notification No : F. No. IFSCA/2021-22/GN/REG016.Published in Community & General
Source : https://ifsca.gov.in/Viewer/Index/237