IFSCA Master Circular for Broker Dealers and Clearing Members in IFSC – Key Regulatory and Operational Takeaways IFSCA has issued a comprehensive Master Circular consolidating and superseding earlier SEBI and IFSCA directions for Broker Dealers and Clearing Members operating in IFSC. It aligns with the new IFSCA (Capital Market Intermediaries)…

IFSCA Allows Indian Residents to Open FCA with IBUs – Aug 2025 Introduction: The International Financial Services Centres Authority (IFSCA) has issued a clarification enabling persons resident in India to open foreign currency accounts with International Banking Units (IBUs) in GIFT IFSC. Summary: In line with the Foreign Exchange Management…

IFSCA Master Circular for Investment Bankers – Aug 2025 Introduction: IFSCA has released a comprehensive Master Circular for Investment Bankers operating in GIFT IFSC, consolidating key regulatory requirements under the Capital Market Intermediaries Regulations, 2025. Summary: The Master Circular aims to streamline and clarify the operational, governance, and compliance framework…

IFSCA Issues Master Circular for Investment Advisers – August 2025 Update Introduction: On August 5, 2025, IFSCA released a comprehensive Master Circular consolidating the regulatory framework for Investment Advisers (IAs) operating in the GIFT IFSC under the new Capital Market Intermediaries (CMI) Regulations, 2025. Summary: This Master Circular streamlines key…

IFSCA Master Circular for Distributors – Aug 2025 IFSC Update Introduction: On August 5, 2025, IFSCA released a comprehensive Master Circular for Distributors operating in GIFT City’s IFSC. This consolidates and clarifies requirements under the new Capital Market Intermediaries (CMI) Regulations, 2025. Summary: Key highlights from the circular include: Registration…

IFSCA Master Circular for Debenture Trustees – Aug 2025 Introduction: The International Financial Services Centres Authority (IFSCA) has issued a comprehensive Master Circular for Debenture Trustees operating in GIFT IFSC. This aligns with the newly notified Capital Market Intermediaries Regulations, 2025. Summary: This 22-page Master Circular outlines the regulatory framework…

IFSCA Master Circular for Credit Rating Agencies – Aug 2025 Introduction: The International Financial Services Centres Authority (IFSCA) has released a comprehensive Master Circular dated August 5, 2025, for Credit Rating Agencies (CRAs) operating in GIFT IFSC. Summary: This Master Circular consolidates the regulatory framework governing CRAs under the IFSCA…

IFSCA Master Circular for Investment Bankers (2025) Introduction: The International Financial Services Centres Authority (IFSCA) has released a comprehensive Master Circular for Investment Bankers in GIFT City IFSC, consolidating all key regulatory provisions and processes under the Capital Market Intermediaries Regulations, 2025. This circular supersedes the earlier one dated December…

IFSCA Issues Guidelines on KMP Eligibility for Fund Management Entities – July 2025 Update To address industry queries and ensure consistent compliance, IFSCA has issued detailed guidelines clarifying the eligibility criteria for Key Managerial Personnel (KMPs), particularly Principal Officers (POs) and Compliance Officers (COs), under the Fund Management Regulations, 2025.…

IFSC TechFin & Ancillary Services Regulations 2025 On July 8, 2025, IFSCA released the TechFin and Ancillary Services Regulations, 2025, providing a unified regulatory framework for entities offering technology and support services facilitating financial activities in IFSC. Summary The newly notified regulations introduce a structured regime for TechFin and Ancillary…