Brief Overview:
IFSCA has announced key developments in the financial regulatory space on its 24th meeting. These developments aim to enhance the competitiveness and regulatory framework within GIFT-IFSC.
Technical Details:
The key announcements included the approval of the following:
1) Transition Bonds: Framework on issuance and listing of transition bonds has been approved. The framework focuses on model for transition plan, alignment with global taxonomies and relevant disclosures.
2) Third-Party Fund Management Services: Registered Fund Management Entities in GIFT- IFSC are now permitted to launch and manage restricted schemes on behalf of overseas or domestic third-party fund managers.
3) IFSCA (TechFin and Ancillary Services) Regulations, 2025: A framework for entities providing support services for the financial market primarily favouring the presence of Global Capability Centres.
4) IFSCA (Regulation making Regulations and Subsidiary instructions) Regulations, 2025: These regulations will institutionalize a participative framework for stakeholder consultation. It lays down the principles and process for public consultation and regulatory making.
Notifications on the above items will be released in due course.
JC takeaway:
IFSCA’s recent initiatives signal a robust strategy for advancing the financial services landscape within the GIFT-IFSC. This holistic set of initiatives underscores a concerted effort to strengthen India’s presence in the global financial setting, attract international investment and create employment opportunities.
For further details, please see:
For any queries/clarifications, please feel free to ping us and we will be happy to chat:
