Question

What is the primary purpose of the IFSCA (BATF)

Q: Answer-What is the primary purpose of the IFSCA (BATF) Regulations 2024?

The IFSCA BATF Regulations 2024 provide a regulatory framework for the development, registration, and operations of Book-keeping, Accounting, Taxation, and Financial Crime Compliance Services in the IFSC.

Regulations 2024?

A To regulate insurance providers in the IFSC

B To establish guidelines for international banking units

C To regulate Book-keeping, Accounting, Taxation, and Financial Crime Compliance services

D To oversee foreign exchange transactions in the IFSC

E To manage risk associated with capital markets

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What is the primary purpose of the IFSCA (BATF)

Solution