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CS Professional · Strategic Management and Corporate Finance · An Overview on Listing and Issuance of Securities in International Financial Services Centre

Under the International Financial Services Centres Authority Act, 2019, which of the following is expressly listed within the definition of "financial product"?

Securities are expressly listed in the definition of financial product in the IFSCA Act, 2019, alongside insurance contracts, deposits, credit arrangements and certain foreign currency contracts. Property, jewellery and agricultural land are not listed, so they do not qualify as financial products unless notified.

  1. AImmovable property held in an IFSC
  2. BSecuritiesCorrect
  3. CPersonal jewellery of an investor
  4. DAgricultural land leased to a unit

Explanation

The Act's definition of financial product covers securities, contracts of insurance, deposits, credit arrangements, foreign currency contracts (other than those settled immediately) and any other product notified by the Central Government. Immovable property, jewellery and agricultural land are not in that list, so only securities qualifies.

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