International Financial Services Centres Authority (IFSCA or Authority) has issued committee report of the Working Group on Financial Reporting and Capital Structure of IFSC companies in Freely Convertible Foreign Currency (FCFC) dated November 7, 2022 with
International Financial Services Centres Authority (IFSCA or Authority) vide ref no. IFSCA/2022-23/GN/GL001 dated October 28, 2022 has issued Guidelines on Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines, 2022 (“AML Guidelines”) which has come
To serve as one stand point of reference and to enforce the IRDAI (Investment) Regulations, the IRDAI vide Circular Ref. IRDA/F&I/CIR/INV/226/10/2022 dated October 27, 2022 has issued revised version of Master Circular on investment (Master Circular)
IRDAI vide Circular Ref: No. IRDAI/REIN/CIR/MISC/224/10/2022, dated October, 13, 2022 on Repatriation of Assigned Capital by FRBs/Lloyd’s India (Circular) has permitted Foreign Reinsurance Branches (FRBs) and Lloyd’s India to repatriate excess assigned capital. To ensure sufficient
IRDAI vide Circular Ref. No: RDAI/IID/GDL/MISC/225/10/2022 dated October 26, 2022 has extended the timeline for implementation of the Master Guidelines on Anti-Money Laundering / Counter Financing of Terrorism (AML/CFT), 2022 till January 1, 2023. Source category:
IRDAI vide its order bearing Ref No: IRDAI/HLT/ORD/Gen/221/10/2022 dated October 21, 2022 has constituted a Health Insurance Consultative Committee. Objective: In order to identify the challenges in carrying out the health insurance business smoothly and make
IRDAI vide its order bearing Ref No: IRDAI/LIFE/ORD/MISC/223/10/2022 dated October 21, 2022 has constituted a Committee to study and recommend on “Bima Vahak” and Bima Vistaar”. Background: In order to increase accessibility to insurance products for
IRDAI has issued an Exposure draft of IRDAI (Assets, Liabilities and Solvency Margin of General Insurance Business) (First Amendment) Regulations, 2022 dated October 20, 2022. Background: IRDAI has proposed an amendment the IRDAI (Assets, Liabilities and
The IRDAI has issued an exposure draft on the IRDAI (Re-insurance) (First Amendment) Regulations, 2022” (Draft Amendment) Objective: In order to harmonize the provisions and enhance the ease of doing business, the IRDAI has amended following
IRDAI vide Ref No: 327/IRDAI/HLT/MHCA/CIR/220/10/2022 has issued a Circular in respect of providing cover for Mental Illness under Health Insurance policies dated, October 18, 2022. Background: The Authority vide Circular , dated August, 16, 2018 directed