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International Financial Services Centre Authority
April 30 , 2020
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- The Government of India has established this Authority.
- The headquarters of the authority is to be established in Gandhinagar, Gujarat.
- The main function of the authority is to regulate financial products such as contracts of insurance, deposits, and securities of the financial institutions.
- The authority consists of 9 members that are appointed by the Government of India.
- The members are to have a term of three years.
- The members include Chairperson, two members from Ministry of Finance, one each from RBI, SEBI, IRDAI and PFRDA and two members based on the recommendation of search committee.
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