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

IFSCA issues Regulatory Framework for Global Access in the IFSC

12-Aug-2025 | eF.No. IFSCA-PLNP/80/2024-Capital Markets

IFSCA has issued the Regulatory Framework for Global Access in the IFSC effective from 12th August 2025.

Key Highlights of the Framework are as follows:
1. This circular is applicable to Global Access Providers (GAPs) as well as the Broker Dealers and clients accessing global markets directly or indirectly through a Global Access Provider.
2. The GAPs are required to maintain the minimum net worth requirement of USD 500,000 at all times. However, GAPs, accessing Global Markets only on proprietary basis, are required to maintain the same at USD 500,000 at all times.
3. GAP shall not provide access to Global Markets for dealing in index derivatives, single stock derivatives, bond derivatives, or USD-INR/INR-USD derivatives that are available on Recognised Stock Exchanges in the IFSC.
4. GAP shall be required to comply with the submission requirement of quarterly reports to the Authority, in accordance with the circular titled "Reporting Norms for Capital Market Intermediaries".
5. The framework supersedes the IFSCA circular regarding "Global Access to Broker Dealers" and "Global Access - Clarifications".

Further, the press release has been released for the same.

Kindly refer to the attached document for more information.

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