ifscs in A Sentence

    1

    Allowing rupee derivatives(with settlement in foreign currency) to be traded in International Financial Services Centres(Ifscs).

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    2

    Rupee derivatives(with settlement in foreign currency) will be allowed to be traded in International Financial Services Centres(Ifscs).

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    3

    Recommend to the Central Government such other financial products, financial services and financial institutions which may be permitted in the Ifscs.

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    4

    The banking, capital markets and insurance sectors in Ifscs are regulated by multiple regulators like the RBI, SEBI, and IRDAI respectively.

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    5

    It may also recommend to the central government such other financial products, financial services and financial institutions which may be permitted in the Ifscs.

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    6

    It may also recommend to the central government such other financial products, financial services and financial institutions which may be permitted in the Ifscs.

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    7

    The Authority shall regulate all such financial services, financial products and FIs in an IFSC which has already been permitted by the Financial Sector Regulators for Ifscs.

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    8

    Functions of the Authority: The Authority shall regulate all such financial services, financial products and FIs in an IFSC which has already been permitted by the Financial Sector Regulators for Ifscs.

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    9

    This will provide a stimulus for further development of Ifscs in India and enable bringing back of financial services and transactions that are currently carried out in offshore financial centres to India.

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    10

    Taking into account the regulatory requirements of Ifscs and the provisions of the existing laws of financial sector, the Department of Economic Affairs(DEA), Ministry of Finance(MoF) has prepared a draft Bill to set up a separate unified regulator for Ifscs.

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    11

    Taking into account the regulatory requirements of Ifscs and the provisions of the existing laws of the financial sector, the Department of Economic Affairs(DEA), Ministry of Finance(MoF) has prepared a draft Bill to set up a separate unified regulator for Ifscs.

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    12

    Taking into account the regulatory requirements of Ifscs and the provisions of the existing laws of financial sector, the Department of Economic Affairs(DEA) at the Ministry of Finance has prepared a draft Bill to set up a separate unified regulator for Ifscs.

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