Sakshi Education
- IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions in international financial services centers.
- An IFSC caters to customers outside the jurisdiction of the domestic economy.
- IFSC centres deal with flows of finance, financial products and services across borders.
- London, New York and Singapore can be considered as global financial centres.
- Gujarat International Finance Tec-City (GIFT) IFSC is the maiden IFSC in India.
- IFSCA is a statutory body, established in 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat.
- Prior to the establishment of IFSCA, the domestic financial regulators, namely, RBI, SEBI, PFRDA and IRDAI regulated the business in IFSC.
Published date : 04 Mar 2022 05:55PM
