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

IFSCA issues International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025.

10-Jul-2025 | IFSCA/GN/2025/005

IFSCA has issued the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025, effective from 10th July, 2025.

Key Highlights of the Regulation are as follows:
1. These Regulations provide a regulatory framework for TechFins and Ancillary Services Providers for making arrangements for carrying on any of the financial services listed.
2. The Applicant making application for grant of certificate of Registration under regulation 4, shall be an entity incorporated as a company or limited liability partnership in the IFSC, or a branch of a company or of a limited liability partnership incorporated outside the IFSC, or in any other form as may be permitted by the Authority, in which all the promoters or partners of the applicant entity are not from a jurisdiction
which has not been identified in the public statement of the Financial Action Task Force (FATF) as "High-Risk Jurisdictions subject to call for action".
3. The TechFin and Ancillary Service Provider shall appoint a principal officer or designate one of its existing officers as a principal officer, who shall be responsible for its overall activities, along with a compliance officer who shall be responsible for the compliance of policies, procedures, maintenance of records, implementation of the requirements under these regulations.
4. Any financial reporting by the TechFin and Ancillary Service Provider to the Authority shall be in US Dollar, unless otherwise specified by the Authority.

Kindly refer to the attached document for more information.

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