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CS Professional · IFSCA - Regulations, Listing and Compliances · Overview of FinTech and Service Providers in IFSC

Zenpay Technologies, a Bengaluru start-up, has developed a new cross-border payment solution and wants to test it with a limited number of live customers in GIFT IFSC under relaxed regulatory conditions for a fixed period. Which IFSCA framework is designed for this purpose?

The IFSCA Regulatory Sandbox framework fits Zenpay. It lets fintech innovators test new products or services in a controlled live environment with a limited number of customers and a fixed period, under regulatory relaxations and supervision, before deciding on full-scale launch.

  1. AIFSCA Regulatory Sandbox frameworkCorrect
  2. BListing of securities on India INX
  3. CRegistration as a Foreign Portfolio Investor
  4. DAuthorisation as a Unit under the SEZ Act as a manufacturing unit

Explanation

The IFSCA Regulatory Sandbox allows innovators to test financial products and services in a controlled live environment with limited users and relaxations, under regulatory supervision. The other options relate to listing, portfolio investment or manufacturing and do not provide a live testing environment for fintech innovations.

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