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

IFSCA issues a press release on IFSCA Authority Meeting held on 22nd December 2025

23-Dec-2025 | NA

IFSCA has issued a press release on IFSCA Authority Meeting held on 22nd December 2025.

Key Highlights:
1. Fund Management Regulations, 2025 - Eligibility norms for Key Managerial Personnel have been relaxed; multiple extensions of PPM validity are now allowed; investor safeguards strengthened for open-ended schemes; and a 24-month transition period has been provided for appointing IFSC-based custodians.
2. Global In-House Centres (GIC) Regulations, 2025 - A revamped framework has been approved to support GICs in GIFT-IFSC, allowing multiple operating models, limited servicing of Indian group entities, easier employee transfers, third-party service providers, and clearer governance, eligibility, and compliance norms.
3. BATF Services Regulations - The mandatory minimum office space requirement for BATF service providers has been removed to lower entry barriers and promote ease of doing business.
4. Capital Market Intermediaries (CMI) Regulations - Eligibility criteria for principal and compliance officers have been eased; experience requirements reduced; clarity provided on liquid net worth; umbrella registrations permitted; and custodian net worth set at USD 1 million with transition time up to 30th June 2026.


The notifications will be released in due course. Please refer to the attached document.

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