Question
What are the eligibility criteria’s to be met by an applicant desirous of being registered as a Global In-House Centre as per the International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020?
Solution
Rule 3 Eligibility criteria (1) An applicant desirous of being registered as a Global In-House Centre shall be required to meet the following eligibility criteria: (i) It shall exclusively cater to its financial services group wherein the entities served must be located in Financial Action Task Force compliant jurisdictions; and (ii) The support services provided to its financial services group should be for the purpose of carrying out a financial service in respect of a financial product.
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