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 for Investment Bankers in IFSC. It supersedes the earlier 2021 circular and introduces key provisions across:
- Registration & Fee Payments: Single Window IT System (SWIT) for registration, approvals, and integrated compliance with SEZ, GSTN, RBI, SEBI, and IRDAI.
- Permissible Activities: Includes underwriting, private placements, M&A advisory, and corporate restructuring.
- Governance Norms: Mandatory appointment of Principal and Compliance Officers based in IFSC.
- KYC/AML Compliance: Timely FIU-IND registration and Line of Business updates via FINGate 2.0.
- Grievance Redressal: Adherence to IFSCA grievance norms with updated circulars from Dec 2024 and Jan 2025.
- Periodic Reporting & Audit: Mandatory quarterly reports and annual compliance audit.
- Cybersecurity: Adoption of proportional cyber resilience policies.
- Change in Control & Surrender Provisions: Detailed requirements for reporting and approvals.
This circular enhances clarity, promotes ease of doing business, and aligns regulatory expectations for existing and aspiring Investment Bankers in GIFT IFSC.
👉 Read Full Circular on IFSCA Website
Nexpective Advisors is your trusted partner in GIFT IFSC regulatory and advisory services. If this update affects your operations, we’re here to help you stay compliant and proactive.
