Page 34 - Bullion World Issue 3 July 2021
P. 34
Bullion World | Issue 03 | July 2021
Excerpts from the
speech of
Mr. Manoj Kumar,
Executive Director,
IFSCA at the virtual Asia
Pacific Precious Metals
Conference 2021 on
June 16, 2021
What is IFSCA?
International Financial Services of India (PFRDAI), have been vested
Centres Authority (IFSCA) is the in IFSCA with respect to regulation of
only Unified Regulatory Body financial institutions, financial services
created under IPSCA ACT, 2019 and financial products in the IFSC,
by the Parliament of India for making it a unified regulator for the
regulating IFSCs. For the first IFSC. IFSCA is fully operational in July
time, the regulatory powers of 2020. IFSCA aims at providing world-
four financial services regulators class regulatory environment with
in India, namely, Reserve Bank of a focus on ease of doing business.
India (RBI), Securities & Exchange Already leading financial services
Board of India (SEBI), Insurance players such as banks, capital market
Regulatory Development Authority players, insurance companies, asset
of India (IRDAI), Pension Fund management companies have set-up
Mr Manoj Kumar Regulatory Development Authority their operations within IFSC.
Executive Director
International Financial Services
Centres Authority (IFSCA)
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