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OVERVIEW Strong regulation that holds individuals and entities accountable and deters misconduct promotes public confidence in financial services and is a key factor in the development of efficient markets, financial services, and economies. Enforcement plays an important role in deterring misconduct and thereby promotes public confidence, consumer protection and market integrity. A robust Governance, Risk […]

OVERVIEW The International Financial Services Centres Authority (IFSCA) has issued the “Master Circular for Broker Dealers and Clearing Members” on May 12, 2026, with the objective of consolidating the regulatory framework applicable to Broker Dealers and Clearing Members operating in GIFT IFSC into a single comprehensive instrument. Over the past five years, IFSCA issued various

OVERVIEW Global and Regional Corporate Treasury Centres (GRCTCs) allow multinational groups to centralise their treasury operations within the GIFT City IFSC under the IFSCA (Finance Company) Regulations, 2021. The International Financial Services Centre Authority (IFSCA), through recent informal guidance, has clarified the manner in which such GRCTCs may be set up and run in the

OVERVIEW   When goods are supplied from a Special Economic Zone (SEZ) to a Domestic Tariff Area (DTA), it’s treated as an import into India under Section 30 of the SEZ Act, 2005, making it subject to customs duties and IGST just like any other import. Such transactions are recorded through the DTA Sale (Bill

OVERVIEW Section 26 of the Special Economic Zones Act, 2005 provides exemption to SEZ units and developers from payment of duties and taxes on goods and services procured from the Domestic Tariff Area (“DTA”), provided such procurement is for authorised operations. Further, Section 16 of the Integrated Goods and Services Tax Act, 2017 (“IGST Act”)

IFSCA Advisory on Heightened Cyber Security Risks arising from Frontier Artificial Intelligence (AI) Models oVERVIEW The International Financial Services Centres Authority (IFSCA), through a Circular dated 4 June 2026, issued an advisory to all regulated entities (REs) in IFSCs regarding heightened cyber security risks arising from frontier Artificial Intelligence (AI) models. The advisory states that

Regulatory Framework for IFSC Banking Units in Global Payment Ecosystems OVERVIEW New Flexibilities for IBU Mandatory Compliance for All IBU Why This Matters for IBU and Stakeholders CONCLUSION

OVERVIEW Strategic impact 1. For the Regulatory Ecosystem Final outlook CONCLUSION

Strengthening the Investment Ecosystem at India’s IFSC OVERVIEW Co-Investment via Special Purpose Vehicles Key Features of the New Framework Strategic Impact & Future Outlook CONCLUSION

Streamlined Framework Allows Operations Without Prior Approval Overview This regulatory relaxation is expected to significantly simplify and accelerate access for Indian Stock Brokers to tap into International markets through GIFT-IFSC. Understanding the SBU (Separate Business Unit) To ensure transparency and regulatory compliance, SBUs are required to maintain separate accounts on an arm’s length basis from