 "GIFT City")
The regulator for international financial services centres on Wednesday announced a framework for those providing ancillary services in such jurisdictions.
The International Financial Services Centres Authority (IFSCA) framework covers services including legal, compliance, secretarial, audit, accounting, consulting and assets management support services among others. The IFSCA is the regulatory body for International Financial Services Centres (IFSCs). The government established it in April 2020.
The regulatory body on Wednesday has issued rules for service providers who want to set up operations in such centres.
Any existing or newly incorporated entity set up in the centre can provide these services. An Indian or
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