IFSCA extended the timeline for implementation of the Circular “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”

Jan 16, 2025 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe International Financial Services Centres Authority (IFSCA) on January 13, 2025, issued the notification regarding the Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC” dated December 02, 2024"

The following has been stated namely: -

• Reference is drawn to the circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC” issued on December 02, 2024,

• The said Circular shall now come into force with effect from April 01, 2025

• The Regulated Entities are therefore directed to ensure the implementation of the Circular with effect from April 01, 2025, without fail.

[Notification No. F. No. IFSCA-LPRA/3/2024-Legal and Regulatory Affairs]


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