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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

Updated Framework for Finance Company/Finance Unit undertaking the activity of Global/ Regional Corporate Treasury Centres

04-Apr-2025 | F. No. IFSCA/24/2024-Banking-FC/01

IFSCA has issued an updated Framework for Finance Company/Finance Unit undertaking the activity of Global/ Regional Corporate Treasury Centres, effective from 4th April 2025.

Key highlights of the framework -
1. The provisions of the framework are applicable to -
(a) an entity desirous of seeking registration as a Finance Company or Finance Unit under the FC Regulations, to undertake the activity Global/Regional Corporate Treasury Centre ("GRCTC");
(b) a unit registered as a Finance Company/Finance Unit under the FC Regulations, for undertaking the activity of GRCT.
2. An entity desirous to commence the activity of GRCTC is required to the Authority for obtaining registration as a Finance Company/Finance Unit under Regulation 3(4) of the FC Regulations.
3. The list of permissible activities that can be undertaken by the entity who has been granted a Certificate of Registration to undertake the activities of GRCTC are specified.
4. A Finance Company/Finance Unit undertaking the activity of GRCTC must have a Board-approved corporate governance policy.
5. The Finance Company undertaking the activity of GRCTC is required to adhere to the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 dated November 1, 2022 and other related circulars.

Kindly refer to the attached document for more information.

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