Regulatory Alerts2021-01-01
Circular No 4 of 2021 on Unauthorized Expansion in Demarcated Zones
The Financial Services Authority mandates that International Trade Zone licensees obtain prior written permission before erecting structures or leasing property within demarcated zones. Applications require site inspections and approved building plans, with granted permissions subject to regulatory conditions and ongoing compliance with written laws. Non-compliant licensees face enforcement procedures under the ITZ Act, while aggrieved parties may appeal refusals to the Minister within thirty days.
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