Elaborate various Financial Product, being notified by the Central Government from time to time, under the International Financial Services Centres Authority Act, 2019?
CS Executive · Capital Market and Securities Laws · PYQS · December 2025
Elaborate various Financial Product, being notified by the Central Government from time to time, under the International Financial Services Centres Authority Act, 2019?
Answer & Explanation:
Section 3(1)(d) of the International Financial Services Centres Authority Act, 2019 defines "Financial product" as Securities; Contracts of insurance; Deposits; Credit arrangements; Foreign currency contracts other than contracts to exchange one currency for another that are to be settled immediately; and Any other product or instrument that may be notified by the Central Government from time to time. Financial Products as notified by the Central Government from time to time are as under: Aircraft lease including operating and financial lease and any hybrid of operating and financial lease of aircraft or helicopter and engines of aircraft or helicopter or any other part thereof Bullion spot delivery contract Bullion depository receipt with underlying bullion Operating lease including any hybrid of operating and financial lease of such product or equipment as financial product Ship lease including operating lease, and hybrid of operating and financial lease, of a ship or ocean vessel, engines of ship or ocean vessel, or any other part thereof, as a financial product.
Topics: International Financial Services Centres Authority (IFSCA)
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