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OVERVIEW The International Financial Services Centres Authority (IFSCA), vide notification dated 5th May 2026, amended the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025 to introduce a dedicated regulatory framework for Trust and Company Services Providers (TCSPs) operating in IFSC. The amendment introduced Chapter VA and the Fifth Schedule under the regulation, […]

OVERVIEW  The IFSCA, through its Circular dated 15 June 2026, revised the regulatory framework governing the import of gold and silver through the India International Bullion Exchange (“IIBX”) by Qualified Jewellers and eligible holders of tariff-rate quotas under the India–UAE Comprehensive Economic Partnership Agreement (“CEPA”). The amendments are intended to enhance transparency, facilitate access to

OVERVIEW The International Financial Services Centres Authority (IFSCA), through its press release dated May 11, 2026, announced that it had approved the draft IFSCA (Managing General Agents) Regulations, 2026 (“MGA Regulations”) during its 28th Authority meeting held on April 17, 2026. The proposed MGA Regulations seek to establish a comprehensive regulatory framework governing the registration,

OVERVIEW A cyber security audit is an independent and systematic assessment of an entity’s cyber security governance framework, information systems, policies, procedures, and technical controls. Its primary objective is to determine whether adequate safeguards have been implemented to protect the confidentiality, integrity, and availability of information systems and data. Unlike routine IT maintenance or operational

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