Question 1

What is IFSCA?

Accepted Answer

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.

Question 2

When was IFSCA established?

Accepted Answer

IFSCA was established on 27 April 2020 and began functioning as the unified regulator for IFSCs in October 2020.

Question 3

Where is IFSCA headquartered?

Accepted Answer

IFSCA is headquartered at GIFT City, Gandhinagar, Gujarat.

Question 4

Why is IFSCA called a unified regulator?

Accepted Answer

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.

Question 5

How does a business register with IFSCA?

Accepted Answer

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.

IFSCA: insights, regulations and updates

Clarification on Broker Dealer Global Access and Fees issued by IFSCA

IFSCA (Payment Services) (Amendment) Regulations, 2024

Amendment to the IFSCA (Vault Manager) Circular, 2021

IFSCA (PAYMENT SERVICES) REGULATIONS 2024

Anti-Money Laundering Compliance In IFSCA