The International Financial Services Centres Authority (IFSCA) on December 23, 2024, issued the Guidelines on setting up and operation of International Trade Finance Service Platform, 2024.
The following has been stated namely: -
• It has revised the guidelines on setting up and operation of International Trade Finance Services Platform issued under the IFSCA (Finance Company Regulations), 2021.
• It shall apply to ITFS operators, an entity desirous of seeking registration as an ITFS operator in IFSC, and the participants in an ITFS.
• This shall come into force from December 23, 2024.
Detailed notification is attached below.
[Notification no. - IFSCA-FCR0FCR/3/2023-Banking/2024-25/]
