{"id":64901,"date":"2023-04-07T16:11:04","date_gmt":"2023-04-07T10:41:04","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=64901"},"modified":"2023-04-24T16:49:40","modified_gmt":"2023-04-24T11:19:40","slug":"ifsca-issues-an-addendum-to-the-circular-titled-framework-for-enabling-ancillary-services-at-international-financial-services-centres","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/newsletter\/ifsca-issues-an-addendum-to-the-circular-titled-framework-for-enabling-ancillary-services-at-international-financial-services-centres\/","title":{"rendered":"IFSCA Issues an Addendum to the Circular Titled &#8220;Framework for Enabling Ancillary Services at International Financial Services Centres&#8221;"},"content":{"rendered":"<p>On 06th April 2023, the International Financial Services Centres Authority (IFSCA) issued an addendum to the Circular titled &ldquo;Framework for enabling Ancillary Services at International Financial Services Centers&rdquo; , where the circular is deemed to be effective immediately.<\/p>\n\n\n\n<p>The Addendum States the following &ndash;<br>The IFSCA Banking Handbook defines a voice broker as &ldquo;an entity that brings together buyers and sellers of financial assets for the purpose of executing a transaction in such financial Assets&rdquo; It permits IBUs to avail themselves of the services of a voice broker. Accordingly, voice brokers in IFSC need to be encouraged as a step towards completing the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a> for intermediaries to provide support services to IBUs and other financial institutions in IFSC. Therefore, it has been decided to enable it under the &ldquo;IFSCA Ancillary Services Framework&rdquo;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 06th April 2023, the International Financial Services Centres Authority (IFSCA) issued an addendum to the Circular titled &ldquo;Framework for enabling Ancillary Services at International Financial Services Centers&rdquo; , where the circular is deemed to be effective immediately. The Addendum States the following &ndash;The IFSCA Banking Handbook defines a voice broker as &ldquo;an entity that [&hellip;]<\/p>\n","protected":false},"author":60,"featured_media":64902,"parent":62999,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"publication-download.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IFSCA Issues an Addendum to the Circular Titled<\/title>\n<meta name=\"description\" content=\"On 06th April 2023, the International Financial Services Centres Authority (IFSCA) issued an addendum to the Circular titled &quot;Framework for enabling Ancillary Services at International Financial Services Centers&quot; , where the circular is deemed to be effective immediately.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/newsletter\/ifsca-issues-an-addendum-to-the-circular-titled-framework-for-enabling-ancillary-services-at-international-financial-services-centres\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFSCA Issues an Addendum to the Circular Titled\" \/>\n<meta property=\"og:description\" content=\"On 06th April 2023, the International Financial Services Centres Authority (IFSCA) issued an addendum to the Circular titled &quot;Framework for enabling Ancillary Services at International Financial Services Centers&quot; , where the circular is deemed to be effective immediately.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/newsletter\/ifsca-issues-an-addendum-to-the-circular-titled-framework-for-enabling-ancillary-services-at-international-financial-services-centres\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"omvir\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-24T11:19:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2023\/04\/IFSCA-Issues-an-Addendum-to-the-Circular.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"920\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/64901"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=64901"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/64901\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/62999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/64902"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=64901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}