In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-05092026-276000 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 528] NEW DELHI, TUESDAY, SEPTEMBER 1, 2026/ BHADRA 10, 1948 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 26th August, 2026 International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) (Amendment) Regulations, 2026 IFSCA/GN/2026/ 014.— In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (zaa) of sub-section (2) of Section 114A of the Insurance Act, 1938, read with Ministry of Finance, Department of Financial Services, notification number S.O. 3035(E) dated 04th July, 2022, the International Financial Services Centres Authority hereby makes the following regulations, to further amend the International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022 (hereinafter referred to as the 'principal regulations'), namely: - 1. Short title and commencement. (1) These Regulations may be called the International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the principal regulations, the clause (f) of sub-regulation (1) of regulation 3 shall be substituted as under – "(f) 'premium' shall have the same meaning as assigned to it under sub-section (13BC) of section 2 of the Insurance Act, 1938 (4 of 1938). Explanation. For the purposes of re-insurance business, premium refers to the consideration paid or payable under a contract of re-insurance to cover the risk;" PRADEEP RAMAKRISHNAN, Executive Director [ADVT.-III/4/Exty./297/2026-27] Note: The International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022 were published in the Gazette of India on 13th January 2023 vide notification No. IFSCA/2022-23/GN/REG032. 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.