Finance
EnglishIFSCA cracks down: Fund managers in hot water!
The IFSCA is cracking down on fund managers and capital market players! Recently, they sent show-cause notices to nearly 10 entities in GIFT City for not following the rules. If these folks don’t respond, they could lose their licenses. The regulator is serious about compliance and wants everyone to play by the rules to keep the financial hub thriving.
few hours ago | Khushboo Tiwari
Quick rundown
1.IFSCA tightens compliance in GIFT City.
2.Show-cause notices issued to nearly 10 entities.
3.Regulatory action could include license cancellation.
4.Over 200 FMEs and 300 schemes in GIFT City by 2025.
5.Calls for leniency to support ecosystem growth.
Quick rundown
1.IFSCA tightens compliance in GIFT City.
2.Show-cause notices issued to nearly 10 entities.
3.Regulatory action could include license cancellation.
4.Over 200 FMEs and 300 schemes in GIFT City by 2025.
5.Calls for leniency to support ecosystem growth.