International Financial Services Centres Authority (Finance Company) Regulations, 2021- Clarification

Last updated: 11 August 2021

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The International Financial Services Centres Authority (IFSCA) has issued a clarification regarding the Finance Company Regulations notified in March 2021. Entities already registered or authorised by IFSCA for specific activities will not need a new registration under these regulations for the same activities. However, a new registration will be required if an entity wishes to undertake activities not covered by its existing registration.

International Financial Services Centres Authority CIRCULAR F. No 172/ IFSCA/Finance Company Regulations/2021-22/08 August 09, 2021 To, All entities operating in the International Financial Services Centres (IFSC) Subject:International Financial Services Centres Authority (Finance Company) Regulations, 2021- Clarification Reference is drawn to theInternational Financial Services Centres Authority (Finance Company) Regulations, 2021(hereinafter referred to as Finance Company

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FAQ :

This circular provides a clarification on the International Financial Services Centres Authority (Finance Company) Regulations, 2021.

No, if an entity holds a certificate of registration or authorisation from IFSCA for a specific activity, it does not need a fresh registration under the Finance Company Regulations for that same activity.

A new registration under the Finance Company Regulations is required if an entity intends to carry out permissible activities that are not covered by its existing IFSCA registration or authorisation.

The International Financial Services Centres Authority (Finance Company) Regulations, 2021 were notified on March 25, 2021.

This circular is available on the IFSCA website at www.ifsca.gov.in under the section 'Legal -> Circulars'.

Notification No : F. No 172/ IFSCA/Finance Company Regulations/2021-22/08
Source : https://ifsca.gov.in/Viewer/Index/211

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