New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the IFSCA (BATF) Regulations 2024, what is

    the penalty for BATF Service Providers who violate the regulations?
    A Monetary fine of up to USD 500,000 Correct Answer Incorrect Answer
    B Suspension or cancellation of registration Correct Answer Incorrect Answer
    C Revocation of client contracts Correct Answer Incorrect Answer
    D Mandatory acquisition by another provider Correct Answer Incorrect Answer
    E Restricted access to international markets Correct Answer Incorrect Answer

    Solution

    BATF Service Providers who contravene the provisions of these regulations or related guidelines may face  suspension or cancellation of their registration  under the enforcement actions outlined by IFSCA.

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