IFSCA Amends IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022
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- Last Updated on 30 October, 2023
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Notification no. IFSCA/2023-24/GN/REG042; Dated: 25.10.2023
IFSCA has notified the IFSCA (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2023. As per the amended norms, an IIO may invest its assets in India through the regulatory framework specified by the RBI or the SEBI. Further, nothing contained in regulations 10, 11, 12 and 13 shall apply to an IIO investing its retained premium in DTA, if an investment is done to comply with conditions specified under Re-insurance Regulations.
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