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Core Purpose

Notification by the Department of Economic Affairs, Ministry of Finance, notifying 'schemes operated by a pension fund' as a 'financial product' under section 3(1)(d)(vi) of the International Financial Services Centres Authority Act, 2019.

Detailed Summary

The Department of Economic Affairs, Ministry of Finance, vide S.O. 5241(E) dated 5th December 2024, exercising powers under sub-clause (vi) of clause (d) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), notifies 'schemes operated by a pension fund' as a 'financial product' for the purposes of the Act, with effect from the date of publication in the Official Gazette; the notification is issued under F. No. 3/15/2022-EM-Part (1) and signed by Surbhi Jain, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-05122024-259180 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4848| NEW DELHI, THURSDAY, DECEMBER 5, 2024/AGRAHAYANA 14, 1946 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 5th December, 2024 S.O. 5241(E).—In exercise of the powers conferred by sub- clause (vi) of clause (d) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), the Central Government hereby notifies the 'schemes operated by a pension fund', as a 'financial product' for the purposes of the said Act, with effect from the date of publication in the Official Gazette. [F. No. 3/15/2022-EM-Part (1)] SURBHI JAIN, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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