Brief Overview:
IFSCA has streamlined registrations and relaxed compliance requirements for capital market intermediaries under the new consultation paper by opening the door to simplified compliance, cost efficiency, and cross-functional innovation.
The consultation is open for public comments till 24th November 2025.
Technical Details:
Key Highlights
1) Umbrella Registration framework: A single registration for multiple capital market activities.
2) Qualification & experience criteria relaxed: Science, Technology, Engineering and Mathematics and Fintech degrees proposed as valid qualifications.
3) Principal Officer designation simplified: Appointment of a common principal officer for entities with multiple registrations.
4) Net Worth clarifications: Margins maintained with clearing corporations to be considered as liquid assets.
5) Custodian Net Worth norms: Proposed minimum net worth of USD 1 million for custodians.
Takeaways:
The proposed amendments to the IFSCA (Capital Market Intermediaries) Regulations, 2025 represent a strategic shift toward streamlined compliance and operational efficiency. While easing regulatory burdens, the framework thoughtfully mitigates potential conflicts of interest, ensuring a balanced and globally aligned approach to innovation within GIFT IFSC.
For further details, please see:
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