IFSCA: insights, regulations and updates
The International Financial Services Centres Authority (IFSCA) is the unified regulator for financial products, financial services and financial institutions in India's International Financial Services Centres. It was established on 27 April 2020 under the International Financial Services Centres Authority Act, 2019 and is headquartered at GIFT City, Gandhinagar.
IFSCA holds, for IFSCs, the powers that the RBI, SEBI, IRDAI and PFRDA exercise in the domestic market, so banking, capital markets, funds, insurance and pensions in GIFT IFSC answer to one regulator. Below, ADI explains IFSCA's regulations, circulars and frameworks as they are issued.
IFSCA Updates SEZ Compliance FAQs for GIFT IFSC Units
Overview The Office of Administrator (IFSCA) has issued Version 2.0 of the SEZ Compliance FAQs Booklet in August 2026, expanding the earlier Version 1.1 of June 2025 comprising 171 FAQs across 79 pages. Every IFSC unit…
Read insight →IFSCA Strengthens AML/KYC Framework with FINgate 2.0 Reporting
OVERVIEW The International Financial Services Centres Authority (IFSCA) has introduced further amendments to the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022, with…
Read insight →IFSC ISIN TRANSITION: MOVE FROM NSDL/CDSL TO IFSCA RECOGNISED DEPOSITORY IIDI
OVERVIEW International Financial Services Centre (IFSC) is steadily developing into a sophisticated global financial hub, supported by regulatory measures aimed at strengthening its market infrastructure. A significant…
Read insight →IFSCA Mandates Certification Course for KMPs and Employees
OVERVIEW The International Financial Services Centres Authority (IFSCA) has issued two circulars outlining mandatory certification requirements for key managerial personnel (KMPs) and employees in fund management…
Read insight →IFSCA Pension Fund Regulations, 2026
OVERVIEW The International Financial Services Centres Authority (IFSCA) has notified the IFSCA (Pension Fund) Regulations, 2026, establishing a comprehensive framework for the registration, regulation, and supervision…
Read insight →IFSCA (TechFin and Ancillary Services) (Amendment) Regulations, 2026
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,
Read insight →IFSCA Expands Qualified Jeweller Access Through IIBX to Promote Jewellery Exports
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…
Read insight →Cyber Security Audit Under the IFSCA Framework
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
Read insight →IFSCA Enforcement Framework and Regulatory Actions
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…
Read insight →IFSCA Informal Guidance on Global and Regional Corporate Treasury Centres in the IFSC
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…
Read insight →IFSCA Advisory on Heightened Cyber Security Risks arising from Frontier Artificial Intelligence (AI) Models
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,…
Read insight →IFSCA Advances RegTech with Digital Regulatory Reporting (DRR) System RFP
OVERVIEW The International Financial Services Centres Authority (IFSCA), headquartered in GIFT City, Gandhinagar, has issued a Request for Proposal (RFP) for the development of a Digital Regulatory Reporting (DRR)…
Read insight →Latest from IFSCA
- Clarification on validity of CoR issued to IIIO
- Format for reporting of non-compliance(s) under the IFSCA (Bullion Market) Regulations, 2025
- Consultation Paper on Offering ‘Model Portfolio’ by Research Entities in the IFSC
- Guidelines for engaging Financial Solicitation Professionals (FSPs)
- IFSCA notifies leasing of GPUs and connected data centre equipment as a financial product in GIFT IFSC
- FAQs on IFSCA(Banking) Regulations, Banking Handbook and Internet Banking circulars
Frequently asked questions
What is IFSCA?
The International Financial Services Centres Authority (IFSCA) is the statutory authority that develops and regulates financial products, financial services and financial institutions in International Financial Services Centres (IFSCs) in India, set up under the International Financial Services Centres Authority Act, 2019.
When was IFSCA established?
IFSCA was established on 27 April 2020 and began functioning as the unified regulator for IFSCs in October 2020.
Where is IFSCA headquartered?
IFSCA is headquartered at GIFT City, Gandhinagar, Gujarat.
Why is IFSCA called a unified regulator?
Before IFSCA, business in an IFSC was regulated by the RBI, SEBI, IRDAI and PFRDA. The IFSCA Act brought their powers, as they apply to IFSCs, under one authority.
How does a business register with IFSCA?
By applying under the IFSCA regulation for its activity (for example fund management, banking, capital market intermediation, insurance, finance and leasing, or TechFin and ancillary services), alongside incorporation, SEZ unit approval and post-registration compliance. ADI, an IFSCA-registered TechFin and Ancillary Service Provider, handles this end to end.