Subject/Topic Wise Current Affairs for UPSC Exam

Regulatory authorities

Serious Fraud Investigation Office (SFIO)

The Supreme Court, while dismissing a petition for quashing a complaint filed by the Serious Fraud Investigation Office (SFIO), has left a crucial question of law open i.e., whether SFIO are police officer(s) under the Code of Criminal Procedure, 1973. Serious Fraud Investigation Office (SFIO) It is a corporate fraud investigating agency set up by the Government of India. The SFIO was established on 21st July, 2015, and operates under the Ministry of Corporate Affairs. Section 211 of the Companies Act, 2013, accorded a statutory status to the SFIO. Objective: The core objective of the SFIO is to be an investigative and law enforcement agency…

30 January, 2024 Regulatory authorities

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International Financial Services Authority

International Financial Services Centres Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) The central government has established International Financial Services Centres Authority to regulate all financial services in International Financial Services Centres (IFSCs) with headquarters in Gandhinagar (Gujarat). Important Points Functions: The authority will regulate financial products such as securities, deposits or contracts of insurance, financial services, and financial institutions which have been previously approved by any appropriate regulator such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) etc., in an IFSC. It will also regulate any other financial products, financial services, or financial institutions in an IFSC, which may be notified…

30 April, 2020 Regulatory authorities