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    Question

    According to the IFSCA Regulations 2024, the Board may establish sub-committees. What is the main purpose of these sub-committees?

    A Conduct audits of financial institutions Correct Answer Incorrect Answer
    B Manage foreign direct investments Correct Answer Incorrect Answer
    C Provide assistance or advice in performing its functions Correct Answer Incorrect Answer
    D Regulate cross-border payments Correct Answer Incorrect Answer
    E Develop new financial products Correct Answer Incorrect Answer

    Solution

    The sub-committees are constituted to provide assistance or advice in the performance of the Board’s functions related to the regulation and supervision of payment and settlement systems.

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