Minimum Capital Requirements for Establishing an IIIO Setting up an International Insurance Intermediary Office (IIIO) requires serious financial commitment. The amount varies depending on the type of broker and the infrastructure you choose to deploy. This article aims to guide you through the various categories and associated costs required for this process. Capital Requirements for Incorporated IIIOs Incorporation brings autonomy, and with it, a larger set of financial responsibilities. If you decide to establish your […]

Exchange Traded Funds: A Comprehensive Guide Overview of Exchange Traded Funds (ETFs) An Exchange Traded Fund (ETF) is a financial product offered by a Fund Management Entity (FME) that is mandatorily listed and traded on a recognized stock exchange in the International Financial Services Centre (IFSC). ETFs can come in various forms, including: Equity Index-based ETFs Debt Index-based ETFs Commodity-based ETFs Hybrid ETFs Actively Managed ETFs Other ETFs subject to approval from the recognized stock […]

Navigating Mergers, Amalgamations, and Authority Approvals in an IIIO In the evolving landscape of International Insurance Intermediary Offices (IIIO), mergers and amalgamations are not uncommon. However, they bring with them specific regulatory considerations. Let’s delve into this intricate aspect of IIIO regulations. Authority Approval for Mergers and Amalgamations If an IIIO is considering a merger or amalgamation, it must first gain the approval of the Authority. According to sub-regulation (2) of Regulation 26 of IIIO […]

Same-day Settlement of Trades: Liquidity Concerns Raised by Foreign Portfolio Investors Historically, institutional investors have extensively utilized the T+1 settlement method. Today, however, the scenario is changing rapidly, with the Securities and Exchange Board of India (SEBI) ushering in T+0, or same-day settlement, of trades as a new norm. Not all participants are embracing this alteration with open arms; significant concerns stem from Foreign Portfolio Investors (FPIs) on account of potential liquidity fragmentation they foresee. […]

Comprehensive Guide to Special Situation Funds Understanding Special Situation Funds A Special Situation Fund is more than your average investment scheme. This unique arrangement gathers investments geared towards special situation assets, earmarking funds in accordance with specific investment objectives. Moreover, these funds can actively take part in resolutions under the Insolvency and Bankruptcy Code, 2016, making them a significant player in the financial sector. Who can launch a Special Situation Fund? The directives permit only […]