Regulatory Alerts2022-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 6) Rules 2022
The Financial Services Commission has issued Amendment No. 6 to the Consolidated Licensing and Fees Rules 2008, effective 26 November 2022. This amendment updates the First Schedule by introducing a new licensing category for Third Party Administrators under Insurance Service Providers. The updated schedule specifies applicable Insurance Act sections and establishes processing fees of Rs 25,000 or USD 1,000 alongside fixed annual fees of Rs 47,500 or USD 1,900.
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