IFSCA issues Circular on Implementation of Informal Guidance Scheme, 2024

The International Financial Services Centres Authority (IFSCA) has introduced an Informal Guidance Scheme to provide regulatory clarity to market participants and investors. Under this scheme, entities can approach the IFSCA for informal guidance on matters related to financial regulations, ensuring they stay compliant with evolving laws and regulations. The guidance will be provided informally and is aimed at facilitating ease of doing business while ensuring adherence to financial regulations in international financial services centres.