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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

IFSCA - IFSCA (Capital Market Intermediaries) Regulations, 2025 - Extension of Deadline for Implementing Revised Norms for Principal Officer and Compliance Officer

04-Sep-2025 | IFSCA-PLNP/80/2024-Capital Markets

International Financial Services Centres Authority (IFSCA) has issued a notification regarding IFSCA (Capital Market Intermediaries) Regulations, 2025 with respect to extension of deadline for implementing revised norms for principal officer and compliance officer. Key Changes are listed below: 1. The IFSCA (Capital Market Intermediaries) Regulations, 2025 were notified on April 16, 2025, replacing the earlier 2021 regulations. These include revised norms for appointing a principal officer and compliance officer. 2. All existing capital market intermediaries in IFSC were required to comply with these revised norms by October 1, 2025, or any later date set by the Authority. 3. Based on industry feedback, the compliance deadline for certain provisions of Regulation 9 has been extended to December 31, 2025, to ensure smooth operations and ease of doing business. 4. The circular takes immediate effect and has been issued under Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019 read with Regulation 9(4) and 45 of the IFSCA (Capital Market Intermediaries) Regulations, 2025. For more information, please refer to the official document.

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