IFSCA Notifies ‘Payment and Settlement Systems Regulations’ Outlining Operations of Payment Systems in IFSCs
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 23 October, 2024
Latest from Taxmann
Notification No. IFSCA/GN/2024/009, Dated: 14.10.2024
The IFSC Authority has notified IFSCA (Payment and Settlement Systems) Regulations, 2024. These regulations lay down the process of authorisation and operations of Payment Systems in International Financial Services Centres. Further, Every System Provider shall comply, on an ongoing basis and to the extent applicable, with the Principles for Financial Market Infrastructure issued by the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
