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CS Professional · IFSCA - Regulations, Listing and Compliances · Banking Services and Finance Companies in IFSC

Gateway Aerolease IFSC Ltd proposes to buy aircraft and lease them to airlines from its office in GIFT City. Which authority regulates and authorises this leasing business as a financial service in the International Financial Services Centre?

IFSCA is the authority that regulates and authorises aircraft leasing by a finance company in GIFT IFSC. It is the unified regulator for financial services in the centre, so the lessor does not need separate RBI or SEBI authorisation for this activity.

  1. AReserve Bank of India, as the regulator of all non-banking lessors
  2. BSecurities and Exchange Board of India, as lessors raise funds from investors
  3. CInternational Financial Services Centres AuthorityCorrect
  4. DDirectorate General of Civil Aviation, as the aircraft are involved

Explanation

Financial services and products in an IFSC, including lease financing of aircraft and ships by finance companies, are regulated by IFSCA. RBI and SEBI powers over IFSC units are subsumed by the unified regulator. DGCA oversees aviation safety, not the financial service of leasing.

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