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    Question

    What type of report must the Board for Regulation and

    Supervision of Payment and Settlement Systems submit to the Authority, and how frequently must it be submitted?
    A Annual performance report Correct Answer Incorrect Answer
    B Monthly financial report Correct Answer Incorrect Answer
    C Quarterly report on its functioning Correct Answer Incorrect Answer
    D Bi-annual audit report Correct Answer Incorrect Answer
    E Weekly operational report Correct Answer Incorrect Answer

    Solution

    The Board must submit a quarterly report on its functioning to the Authority, as mandated by the IFSCA (Board for Regulation & Supervision of Payment and Settlement Systems) Regulations 2024.

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