IFSCA constitutes an expert committee on Investment Funds under Nilesh Shah
- The International Financial Services Centres Authority (IFSCA) has constituted an expert committee on Investment Funds.
- The Committee has been formed under the Chairmanship of Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Co. Ltd.
- It will holistically review the global best practices and make recommendations to IFSCA on the roadmap for the funds industry in the International Financial Service Centres (IFSCs).
- The other members of the Committee comprises of leaders from the entire Fund Management ecosystem including from areas such as technology, distribution, legal, compliance, and operations.
- The International Financial Services Centres Authority (IFSCA) is based in GIFT City, Gandhinagar in Gujarat.
- It is a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Service Centres (IFSCs) in India.
Source: PIB