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      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?
      A It shall exclusively cater to its financial services group wherein the entities served must be located in Financial Action Task Force compliant jurisdictions Correct Answer Incorrect Answer
      B 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 Correct Answer Incorrect Answer
      C Both a & b Correct Answer Incorrect Answer
      D Either a or b Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      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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