IFSCA specifies Ship Lease as a Financial Product

Jan 11, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe International Financial Services Centres Authority (IFSCA) on January 07, 2022 has issued a notification to specify that the term “Ship Lease” which shall include operating lease, and hybrid of operating and financial lease, of a ship or ocean vessel, engines of ship or ocean vessel, or any other part thereof, as a financial product under clause (d) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019). 

[Notification no. F. No. IFSCA/2021-22/GN/021]


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