IFSCA Directs REs to Ensure They Hold Valid Certificate of Registration From IFSCA and Letter of Approval Under SEZ Act
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- Last Updated on 6 April, 2025
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Circular no. IFSCA-LPRA/9/2024-Legal and Regulatory Affairs; Dated: 03.04.2025
It has been observed that certain entities are operating in IFSC without holding a valid license or registration certificate from IFSCA and a Letter of Approval under the SEZ Act, 2005, in contravention of provisions of both Acts. In order to ensure orderly development of financial services market in IFSC and to curb such contraventions, IFSCA has directed all REs to ensure that they hold a valid and subsisting certificate of registration from IFSCA and a letter of approval under SEZ Act.
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