IFSC: compliance news
Rules for financial services in GIFT City and the other International Financial Services Centres.
9 stories, newest first
- Commodity trading notified as a financial service, and commodity trading contract as a financial product, in IFSCIFSCA · Notification · 13 Nov 2026The Ministry of Finance (Department of Economic Affairs) has issued two notifications dated 13 November 2026 under the International Financial Services Centres Authority Act, 2019.
- IFSCA: insurance intermediary registrations to carry continued validity subject to annual feeIFSCA · Circular · 12 Nov 2026IFSCA has clarified that, until its Insurance Intermediary Regulations, 2021 are amended, certificates of registration of IFSC Insurance Intermediary Offices (IIIOs) will be issued and renewed with continued validity, subject…
- IFSCA prescribes the quarterly non-compliance report format for bullion exchange and clearing corporationIFSCA · Circular · 12 Nov 2026IFSCA has prescribed the format in which the Compliance Officer of a bullion exchange or bullion clearing corporation in the IFSC must report non-compliance each quarter under regulation 31(2) of the IFSCA (Bullion Market)…
- IFSCA proposes disclosure rules for Financial Solicitation Professionals in GIFT IFSC; comments by 30 NovemberIFSCA · Consultation paper · 9 Nov 2026IFSCA has published a consultation paper and draft circular on guidelines for financial institutions in the International Financial Services Centre that engage individuals other than employees to solicit business for them,…
- IFSCA proposes rules for model portfolios by research entities in GIFT IFSC; comments by 30 NovemberIFSCA · Consultation paper · 9 Nov 2026IFSCA has proposed to clarify that a research recommendation by a research entity in the International Financial Services Centre includes offering a model portfolio, which is a basket of securities with recommended weightages.
- IFSCA sets reporting dates for TechFin, Global In-House Centre and book-keeping service providers, with a CA, CS or CMA certificate by 31 MayIFSCA · Circular · 4 Nov 2026IFSCA has set one reporting calendar for three groups of regulated entities in GIFT IFSC: TechFin and ancillary service providers, Global In-House Centres, and providers of book-keeping, accounting, taxation and financial…
- IFSC regulated entities: key staff must get NISM cyber security certificatesIFSCA · Circular · 27 Oct 2026IFSCA has made cyber security certification mandatory for key people in regulated entities in the GIFT IFSC.
- IFSCA sets net-worth criteria for payment system operators in GIFT IFSC: TReDS USD 1 million, LEI issuers USD 0.2 millionIFSCA · Circular · 27 Oct 2026IFSCA has specified the financial soundness criteria for existing and new payment system operators (PSOs) in GIFT IFSC.
- IFSCA specifies GPUs and linked data centre equipment for operating lease in IFSCsIFSCA · Notification · 22 Oct 2026The International Financial Services Centres Authority has specified "Graphics Processing Units" and "connected data centre equipment" as equipment whose operating lease (including a hybrid of operating and financial lease)…