Shared Services Connected Ltd’s Post

There is still time to come speak to the IMPOWER team today in Manchester Central at CIPFA's annual Public Finance Live. If you missed the opportunity to attend our workshop ‘Are there any good savings left?’, stay tuned for insights on what it takes to achieve “good savings” and build the ambition, confidence and capability to deliver #betteroutcomes. We look forward to seeing you at our stand if you’re attending the conference today! #publicfinance #financialmanagement #LocalGovernment

The International Financial Services Centres Authority (IFSCA) has introduced the IFSCA Informal Guidance Scheme, 2024 to provide regulatory clarity to stakeholders in GIFT City. By offering guidance in the form of No-Action Letters and Interpretive Letters, the Scheme will enable stakeholders to make informed decisions while ensuring their adherence to IFSCA’s regulations. This update analyses the key features, processes, and eligibility criteria under the IFSCA Informal Guidance Scheme, 2024 and also compares it with SEBI’s Informal Guidance Scheme, 2003. Read the update here: https://lnkd.in/dQRRFFbP Vinod Joseph; Akhil Ganatra #ELPinsights #IFSCA #SEBI #GIFTcity #scheme

Meet one of our founders, Steve Parkhill! Today Steve tells us the story of how EEPB came to be! To learn more about us head to our website: https://lnkd.in/eXSvNwPa #EEPB #integrity #businessvalues #businessmission #corevalues #taxtips #taxprep #taxtipandtricks #accountingservices #accountingtips

Looking to enhance your expertise in financial market operations? ICMA’s Operations Certificate Programme (OCP) is essential for professionals aiming to deepen their knowledge and excel in the industry. Find out more: https://lnkd.in/eJ59kNe8 #financialmarkets  #securities #financeoperations  #derivatives

📢 Exciting Update for Finance Professionals and Stakeholders! 🌐 The International Financial Services Centres Authority (IFSCA) has recently released a consultation paper on the proposed IFSCA (Listing) Regulations, 2024. This pivotal document is open for public comment and aims to revolutionize capital raising through the stock exchanges within the IFSC. The draft regulations are crafted with a keen eye on global standards set by the International Organization of Securities Commissions (IOSCO) and are benchmarked against the best practices from other jurisdictions. This is a significant step towards aligning with international financial norms and enhancing the competitiveness of the IFSC. 👥 Your insights and feedback are invaluable! The IFSCA is welcoming comments, views, and suggestions until May 25, 2024. This is a wonderful opportunity to influence the shaping of financial regulations in a major international financial hub. 📧 Please send your responses to [email protected] in the prescribed format. For more details and to read the consultation paper, visit: IFSCA Consultation Paper- https://lnkd.in/gKDmx876) Let's contribute to shaping a robust financial regulatory environment! #Finance #Regulations #IFSCA #CapitalMarkets #InternationalFinance #PublicConsultation #LegalUpdate #FinancialServices

The Ministry of Micro, Small and Medium Enterprises has issued a new notification on 7th November 2024. In line with Section 9 of the MSME Development Act, 2006, and in supersession of previous notifications, the Central Government has directed: 🔹 All companies registered under the Companies Act, 2013, with a turnover of more than ₹250 crore and all Central Public Sector Enterprises must onboard themselves on the Trade Receivables Discounting System (TReDS) platforms. 🔹 The onboarding process must be completed by 31st March 2025. #MSME #TReDS #FinancialEcosystem #GovernmentNotification #BusinessUpdate

Curious about the tax implications for SMSFs? 📺 In a recent interview, Irene Guiamatsia, our Head of Research at Investment Trends, sat down with ausbiz to talk about the significant regulatory challenges and complexities of managing SMSFs in Australia. She also shares key insights on the impact of ATO event-based reporting on financial advisors and emphasises the importance of strategic partnerships for SMSF trustees who seek control over their investments. Interview Highlights: 💡 Regulatory hurdles like ATO event-based reporting significantly impact financial advisors. 💡 SMSFs control 25% of super assets, affecting 1.1 million members. 💡 The regulatory burden is a key factor in winding down trusts. 📺 Watch the interview via the ausbiz site here - https://lnkd.in/gRceRm6e #SMSF #Superannuation #FinancialAdvisors #Regulations

Unlocking the intricacies of MSME payments is crucial for businesses striving for financial compliance and tax efficiency. In this article, We have delved into the nuances of Section 43B(h), shedding light on its implications and providing actionable insights for navigating this aspect of payment regulations. Whether you're a business owner, accountant, or industry professional, understanding these provisions is key to ensuring smooth operations. Dive in to gain valuable knowledge and empower your financial strategies! Special thanks to Payal Panwar for splendid articulation…! #MSME #PaymentCompliance #FinanceInsights #KRA

I have highlighted in this article, one of the most profound financial sector reforms undertaken by the Government of India in the recent past with establishment of GIFT-IFSC recognizing the imperative of integrating with the global financial system while acknowledging the challenges of immediate full capital account convertibility, and adopted a strategic "enclave approach". Subsequently, recognizing the need for a cohesive regulatory framework to nurture the IFSC ecosystem, the Government of India in the Ministry of Finance took a decisive step in December 2019 with the passage of the International Financial Services Centres Authority (IFSCA) Act for establishment of IFSCA. The IFSCA empowers GIFT-IFSC to realize its full potential as a dynamic hub for global finance, driving India's aspirations of becoming a leading player in the global financial arena. The article also talks about the importance of Professional Services providers in the growth and success of an IFSC by showcasing their contributions in the development of the financial services market in an international finance ecosystem.

🚀 Exciting times ahead for GIFT City! 🚀 Chairperson of IFSC Authority, announced that the final regulations for direct listing of unlisted companies at GIFT City will be ready in a month! 🎉 We might even see the first listing within a quarter. 📈 In January, the Centre notified regulations to enable public Indian companies to list in GIFT-IFSC, and now, after a public consultation in May, updated regulations are on the horizon. "IFSCA regulations needed a little update. After going through the consultation process, They are set to approve them by the end of this month and notify by early next month🗓️ The new IFSCA (Listing) Regulations, 2024 will replace the current framework, making it easier for overseas companies and domestic unlisted firms to list on IFSC exchanges. 🌍 Issuers with proposed issues of $100 million or less will be exempt from seeking approval from IFSCA—making things even smoother! The revised norms will set standards for disclosures, whistleblower mechanisms, accounting standards, and sustainability reporting. IFSCA Chairperson also mentioned that within 2-3 months, a framework will be ready for already listed companies to raise capital through GIFT City, thanks to SEBI's development efforts. 🏦 IFSCA has been busy promoting the GIFT route, with outreach programs across cities and overseas. 🌏 With nearly 75 broker-dealers registered and more expected, the future looks bright for GIFT City! Stay tuned for more updates and join the GIFT City revolution! 🚀✨ #GIFTcity #IFSC #Investment #FinancialRegulations #CapitalMarkets #GlobalFinance #SEBI #Innovation #Growth