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Latest IFSCA Circulars, Notifications & Updates
IFSCA Regulations, Circulars, and Guidelines are statutory directives issued by the International Financial Services Centres Authority under the IFSCA Act, 2019. Headquartered in GIFT City, Gandhinagar, IFSCA is India’s unified statutory regulator governing financial products, financial services, and financial institutions in International Financial Services Centres (IFSCs). This page tracks all latest IFSCA circulars, regulations, consultation papers, and compliance updates for Fund Management Entities (FMEs), IFSC Banking Units (IBUs), Capital Market Intermediaries, and FinTech entities.
15 updates · Last updated 28 October 2026 · We publish here whenever a new notification is issued · International Financial Services Centres Authority Official Site ↗
All IFSCA Regulatory Updates and Circulars
IFSCA Circular — Review of SCC framework for trading on IIBX (official IFSCA PDF)
MandatoryDirect bullion trading on IIBX ends — banks and jewellers must route via members by 13 November
IFSCA ends direct IIBX access for Special Category Clients from 27 Oct 2026: every participant, including nominated banks, must now trade as a client of a Bullion Trading Member; existing SCCs get until 13 Nov 2026.
IFSCA Circular — Review of SCC framework for trading on IIBX (official IFSCA PDF)
28 October 2026Eff. 27 October 202611 min
IFSCA Circular e.F.No. IFSCA-FMPP0BR/12/2023-Banking-Part(2) (27 Oct 2026) — official IFSCA PDF
IFSCA Sets Financial Soundness Rules for Payment System Operators in GIFT IFSC — Net-Worth Floors and 6-Month Deadline
IFSCA Circular of 27 Oct 2026 sets financial soundness criteria for IFSC payment system operators: USD 1m for TReDS, USD 0.2m for LEI issuers, one year's costs for trade repositories.
IFSCA Circular e.F.No. IFSCA-FMPP0BR/12/2023-Banking-Part(2) (27 Oct 2026) — official IFSCA PDF
28 October 2026Eff. 27 October 202612 min
IFSCA Circular — Certification on Cyber Security and Cyber Resilience (27 Oct 2026)
IFSCA Mandates Cyber Security Certification for Designated Officers in GIFT IFSC — NISM Basic and Advanced
IFSCA Circular of 27 Oct 2026 mandates NISM cyber security certification for designated officers and specified employees of IFSC regulated entities.
IFSCA Circular — Certification on Cyber Security and Cyber Resilience (27 Oct 2026)
27 October 2026Eff. 27 October 20266 min
IFSCA — Public Comments on Consultation Paper on Differential Distribution and Blended Finance
IFSCA Publishes Blended Finance Consultation Comments: How Industry Took the ESG Grant Cap from 20% to 49%
IFSCA has published the stakeholder comments on its blended-finance consultation for GIFT City funds — showing how industry feedback lifted the ESG grant cap from 20% to 49%.
IFSCA — Public Comments on Consultation Paper on Differential Distribution and Blended Finance
20 October 2026Eff. 19 October 202612 min
IFSCA Press Release — IGDS Responsible Sourcing Version 3.0
IFSCA Releases IGDS Responsible Sourcing v3.0 for Gold at GIFT IFSC
IFSCA has released IGDS Responsible Sourcing Version 3.0 for gold delivered through GIFT IFSC, tightening environmental, disclosure, due-diligence, governance and assurance norms for refineries on the India Good Delivery Standard list.
IFSCA Press Release — IGDS Responsible Sourcing Version 3.0
17 October 2026Eff. 16 October 202610 min
IFSCA Circular — Guidelines for Algorithmic Trading on the Stock Exchanges (official PDF)
MandatoryIFSCA Issues Comprehensive Algorithmic Trading Guidelines for GIFT IFSC Stock Exchanges
IFSCA's 16 Oct 2026 circular lays down a full framework for algo trading on GIFT IFSC exchanges — exchange approvals, kill switches, OTR penalties, annual audits — superseding SEBI's circulars in IFSC with immediate effect.
IFSCA Circular — Guidelines for Algorithmic Trading on the Stock Exchanges (official PDF)
16 October 2026Eff. 16 October 20269 min
IFSCA
IFSCA Issues Final Good Delivery Guidelines, 2026: 5-Step Responsible Sourcing Code for Gold Refiners
IFSCA has issued the final (Good Delivery) Guidelines, 2026 — a 46-page, 5-step responsible-sourcing code for gold refiners seeking 'Accredited Refiner' status on the IFSC Bullion Exchange. In force immediately. Key provisions, draft-vs-final changes, and what refiners must do, explained.
16 October 202614 min
IFSCA Press Release — Formation of IFSCA Technical Working Group on CIC
IFSCA Constitutes Technical Working Group on Credit Information Companies for GIFT IFSC
IFSCA has constituted a standing Technical Working Group on Credit Information Companies to examine technical, operational, legal and regulatory issues for CICs in GIFT IFSC. The 9-member group — convened by CRIF for FY 2026-27 — will recommend standardised credit-data reporting formats, data correc
IFSCA Press Release — Formation of IFSCA Technical Working Group on CIC
16 October 20269 min
Extension of timeline for completion of Certification Course by KMPs and employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025
IFSCA Extends Certification Course Deadline for Fund Management KMPs to 31 December 2026
IFSCA's circular of 29 September 2026 extends the deadline for KMPs and employees of IFSC Fund Management Entities to complete the mandatory certification course to 31 December 2026. All other terms of the 1 April and 10 August 2026 circulars stay unchanged.
Extension of timeline for completion of Certification Course by KMPs and employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025
29 September 2026Eff. 29 September 202611 min
Regulatory Framework for differential distribution
MandatoryIFSCA's Framework for Differential Distribution in Venture Capital and Restricted Schemes (2026)
IFSCA has issued a detailed operating framework letting Fund Management Entities issue senior and junior/subordinate units with differential distribution rights in Venture Capital and Restricted Schemes, enabling blended finance structures with capped ESG grant funding.
Regulatory Framework for differential distribution
25 September 2026Eff. 25 September 202610 min
Amendment to IFSCA Consolidated Circular - Import of Gold or Silver through IIBX
IFSCA Relaxes Qualified Jeweller Eligibility for Gold and Silver Import Through IIBX (September 2026 Amendment)
IFSCA's 22 September 2026 circular relaxes Qualified Jeweller eligibility for gold/silver import through IIBX, adding a new route for entities holding DGFT Authorisation for specific ITC(HS) codes, alongside existing Advance Authorisation and GJEPC RCMC routes.
Amendment to IFSCA Consolidated Circular - Import of Gold or Silver through IIBX
22 September 2026Eff. 22 September 202612 min
Amendment to the Circular titled "Master Circular for Distributors in the IFSC"
IFSCA Adds UAE, Singapore, Australia and EU to Specified Jurisdictions: IFSC Distributors Can Now Reach Retail Clients
IFSCA has amended its Master Circular for Distributors in the IFSC to name UAE, Singapore, Australia and the European Union as specified jurisdictions under regulation 32(1)(a) and (c) of the CMI Regulations, taking the list to eleven. Products domiciled in the four added jurisdictions move from sophisticated-investor-only distribution into distribution to any category of client, including retail. The circular also clarifies that "jurisdiction" means the domicile of the product, not the manager's location.
Amendment to the Circular titled "Master Circular for Distributors in the IFSC"
18 September 2026Eff. 18 September 202622 minLatest IFSCA Circulars & Notifications
Latest update: 28 October 2026
Regulatory Intelligence
IFSCA Compliance & Regulatory FAQs
Essential compliance answers for Company Secretaries, Chartered Accountants, and corporate legal teams.
Q.What is the regulatory role of IFSCA in GIFT City IFSC?
The International Financial Services Centres Authority (IFSCA), established under the IFSCA Act, 2019, is the unified statutory regulator for financial products, financial services, and financial institutions in International Financial Services Centres (IFSCs) in India. It consolidates regulatory powers that were previously exercised by RBI, SEBI, IRDAI, and PFRDA into a single window.
Q.What entities are regulated under IFSCA regulations?
IFSCA regulates Fund Management Entities (FMEs) managing AIFs and Family Investment Funds (FIFs), IFSC Banking Units (IBUs), international stock exchanges (NSE IX, India INX), capital market intermediaries, aircraft and ship leasing units, bullion exchanges (IIBX), and FinTech sandboxes operating in GIFT City.
Q.What are the main compliance requirements for FMEs under IFSCA Fund Management Regulations?
Fund Management Entities must maintain prescribed net worth requirements, appoint dedicated Key Managerial Personnel (KMPs) and Compliance Officers, adhere to portfolio diversification limits, compute and disclose Scheme NAV at mandatory intervals, and submit periodic regulatory filings through the IFSCA online reporting portal.
Q.What tax benefits are available to units registered under IFSCA in GIFT City?
Under Section 80LA of the Income-tax Act, eligible IFSC units enjoy a 100% tax exemption on profits for 10 consecutive assessment years out of 15 years. Additional benefits include a concessional Minimum Alternate Tax (MAT) / Alternate Minimum Tax (AMT) rate of 9%, exemption from Dividend Distribution Tax, and GST exemptions on transactions carried out on IFSC exchanges.
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About International Financial Services Centres Authority (IFSCA) — Regulatory Guide
Stay updated with the latest IFSCA circulars today, including IFSCA notifications India, orders, consultation papers and regulatory changes issued by International Financial Services Centres Authority.
- ✓IFSCA was established in 2020 under the IFSCA Act, 2019 as India’s unified financial regulator for IFSCs.
- ✓IFSCA exercises the powers of RBI, SEBI, IRDAI, and PFRDA within GIFT City IFSC.
- ✓Key regulated entities include Fund Management Entities (FMEs), IFSC Banking Units (IBUs), Stock Exchanges (NSE IX / India INX), and Bullion Exchanges (IIBX).
- ✓Units in GIFT City enjoy a 100% tax exemption for 10 out of 15 consecutive years under Section 80LA of the Income-tax Act.
- ✓IFSCA also regulates global aircraft leasing, ship leasing, global in-house centres (GICs), and cross-border FinTech sandboxes.
Our platform provides simplified, sourced summaries of all IFSCA updates in Indiato help Company Secretaries, Chartered Accountants (CA), Cost Accountants (CMA), CS/CA/CMA students, legal enthusiasts, corporate lawyers, and compliance teams track IFSCA circular and notification updates in real time.
Official Source: https://ifsca.gov.in