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    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┬а suspension or cancellation of their registration ┬аunder the enforcement actions outlined by IFSCA.

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