Legal Routes for Corporate Agents to Establish an IIIO in IFSC If you’re a corporate agent exploring opportunities to erect an International Insurance Intermediaries Offices (IIIO) in the International Financial Services Centre (IFSC), understanding your legal paths is crucial. This guide unravels the mystique of the legal forms for establishing an IIIO, based on clause (b) of the sub-regulation 5 of regulation 4 in the IIIO regulations. The Admissible Legal Forms to Establish an IIIO […]

Legal Entity Types for Broker Registration as an IIIO in IFSC Are you eager to explore the different legal forms for a broker to establish as an International Insurance Intermediary Office (IIIO) in the International Financial Services Centre (IFSC)? This comprehensive guide delves into the various legal forms under which one can register as a Composite Broker, Direct Broker, or a Reinsurance Broker in the IFSC. Diversity in Legal Forms: What the Regulations State IIIO […]

Introduction: The Union finance ministry has recently addressed speculation regarding potential mergers between public sector banks such as UCO Bank with Union Bank of India and Bank of India with Bank of Maharashtra. The speculation was initially sparked by the ministry’s letter regarding the parliamentary committee meeting, but the ministry has since clarified that the discussions will focus on regulatory mechanisms in a post-merger scenario, not potential bank mergers. This way Finance Ministry Clarifies Parliamentary […]

SEBI’s 2024 Agenda: Priorities to Consider for the Market Regulator SEBI, the Securities and Exchange Board of India, must set its priorities for the year 2024. Now is the time to make significant strides and take tough decisions while the market’s appetite is high. Below are five considerations which SEBI must prioritize in its 2024 plan: Winding down SIP Obsession SEBI, along with the intermediary and investment industry, may want to rethink their obsession with […]

In September 2016, the Reserve Bank of India (RBI) released the account aggregator guidelines, providing a framework for a special category of non-banking financial companies (NBFCs) known as account aggregators. However, despite the potential benefits they offer in terms of financial inclusion, the business model of account aggregators faces significant challenges. The Importance of Account Aggregators in Financial Inclusion Millions of individuals and small businesses struggle to access loans, insurance, and other financial products due […]