Question
Under which section of the International Financial
Services Centres Authority Act, 2019, was the IFSCA Circular on Compliance Deadline Extension for Bullion Members (August 2024) issued?Solution
The circular was issued under the powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019, which grants IFSCA the authority to regulate financial products, services, and institutions within IFSCs.
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