Amended in Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) Rules, 2015 - S.O. 968 (E) - Special Economic Zone

Ministry of Commerce and Industry Government of India (Department of Commerce) NOTIFICATION New Delhi, the 8th April, 2015 S.O. 968 (E) :- In exercise of the powers conferred by sub-section (2) of section 18 of the Special Economic Zones Act, 2005 (28 of 2005) , the Central Government hereby notifies that Units in an International Financial Services Centre in Special Economic Zones may be set up and approved in accordance with rule 17 of the Special Economic Zones Rules, 2006 , as amended from time to time, subject to the guidelines or regulations framed and notified in this regard by the Reserve Bank of India, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority of India, as per following annexures namely:- Annexure I: Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) Rules, 2015, as amended from time to time. Annexure II: Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 , as amended from time to time. Annexure III: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 as amended from time to time. 2. The units in International Financial Services Centre shall conform to the provisions of the Special Economic Zones Act, 2005 and the rules or regulations made thereunder. [F.No. D.12/25/2009-SEZ] (Bhupinder Singh Bhalla) Joint Secretary to the Government of India