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    Question

    Under which section of the International Financial

    Services Centres Authority Act, 2019, was the IFSCA Circular on Compliance Deadline Extension for Bullion Members (August 2024) issued?
    A Section 10 Correct Answer Incorrect Answer
    B Section 12 Correct Answer Incorrect Answer
    C Section 8 Correct Answer Incorrect Answer
    D Section 15 Correct Answer Incorrect Answer
    E Section 7 Correct Answer Incorrect Answer

    Solution

    The circular was issued under the powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019, which grants IFSCA the authority to regulate financial products, services, and institutions within IFSCs.

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