Ifsc regulations The publication of the FM Regulations 2025 in official gazette today marks the culmination of this review exercise. “Finance Company” refers to a financial institution, as defined under clause (c) of subsection (1) of section 3 of the IFSCA Act, 2019 (Act), separately incorporated in IFSC for the purpose of undertaking one or more permissible activities specified under sub-regulation (1) of regulation 5 of the FC Regulations, provided: May 14, 2025 · New CMI Regulations clarify that minimum net-worth requirement shall now be separate and in addition to the minimum net worth requirements applicable for other activities outside IFSC or within IFSC under any other regulations or framework. 2. The former entity (Finance Company) is incorporated separately, while the latter (Finance Unit) is established as a branch under the regulations. (K) Meaning for IFSC Insurance Office Investment (IOI) Regulations, 2022 167. Scheme for setting up of IFSC Banking Units (IBU) by foreign banks already having a presence in India. at/AHvd1) Centres) Regulations, 2020 On October 16, 2020, Government of India, on the recommendation of IFSCA, had notified Global In-House Centres (GIC) as financial service to provide services relating to financial guidelines for funds. (1) These Regulations may be called the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021. 218 (E) dated March 2 May 13, 2025 · New CMI Regulations clarify that minimum net-worth requirement shall now be separate and in addition to the minimum net worth requirements applicable for other activities outside IFSC or within Foreign Exchange Management (International Financial Services Centre) Regulations, 2015. 5. Applicability: (1) An IIO incorporated in an IFSC shall undertake investment of assets in accordance with the provisions of these regulations; (2) An IIO not incorporated in an IFSC may either chose to follow norms related to Feb 26, 2025 · Family Office in GIFT IFSC & Setting up FIF The Debt Market at IFSC: Key Insights & Trends (2024-2025) Income Received in GIFT IFSC: Taxed in India? An Anomaly Worth Noticing IFSCA Set to Streamline Ancillary and TechFin Services Framework! How Foreign Companies Can Enter India via GIFT City IFSC About IFSCA International Financial Services Centres Authority. The FM Regulations seek to provide a comprehensive regulatory framework for all activities related to fund management in the IFSC, including management of managed accounts. A few weeks later, the IWGA also accepted the IFSC, confirming climbing’s place in the 2009 Kaoshiung World Games. It is divided into 12 chapters and covers various aspects of asset management such as AIFs, portfolio management, mutual funds, exchange traded funds, environment and social governance, investments trusts (both infrastructure investment trusts and real estate May 9, 2025 · With an intend to create an effective single regulatory architecture in GIFT-IFSC for Ancillary Services, TechFin component of IFSCA FinTech Entity framework, and outsourced activities permitted by financial sectoral regulators, a single consolidated regulation is prepared titled as ‘Draft IFSCA (TechFin and Ancillary Services) Regulations Dec 4, 2018 · The points to note however are: (i) unlike an offshore vehicle which can invest part of its capital in a non-IFSC AIF and part directly into portfolio companies, an IFSC AIF (Fund of Funds) will be required to invest its entire capital in the non-IFSC AIF; and (ii) all other restrictions that apply to AIFs under the AIF Regulations, will apply Mar 30, 2025 · 2. Snapshot of fund regime in IFSC. Date Title View Download; 30/08/2006: The Government Securities Act, 2006: 23/06/2005: The Credit Information Companies (Regulation) Act, 2005: 20/09/1972 Feb 10, 2025 · (2) An entity operating as a branch shall at all times comply with the minimum net worth requirements specified in these regulations for its activities in IFSC which may be maintained at the level of the parent entity, and the parent entity shall ensure that adequate funds are available for the day-to-day operations of the branch. These avenues include extant structures such as initial public offerings ( IPOs ), follow-on public offerings ( FPOs ), preferential issues, rights issues, issuance of depository Jul 27, 2022 · III. Further, the recent amendments to SEBI (Foreign Portfolio Investors) Regulations, 201911, SEBI Circular dated June 27, 202412 and IFSCA Circular 11 SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2024 (URL - https://shorturl. The Regulations provide for a comprehensive framework governing a host of fund management activities in IFSC, ranging from various types of private investment funds, special situations funds, mutual funds, hedge funds, portfolio management services, ETFs, family offices, REITS and InvITs. The IFSC Authority has clarified that to bolster GIFT City’s evolution into a more Guideline on manner of determining net worth for individuals under IFSCA Banking Regulations: 11/12/2020: IFSC (Banking) Regulations, 2020 – Prudential Regulatory Requirements (last updated on February 19, 2021) 11/12/2020: Membership of stock exchanges and clearing corporations in IFSC by foreign entities: 11/11/2021 5. ANNEX II. May 5, 2022 · 1 Please note the FME Regulations provide a comprehensive framework for the regulation of asset management industry in the IFSC. For operating as an AIF, a fund is required to procure registration from the IFSC Authority (as set up under the IFSC Authority Act, 2019). While easing compliance for FMEs, the new regulations also implement stronger safeguards for investor protection, marking a positive step in GIFT the fund management industry in IFSC and add another dimension to its growth. FEMA. They shall come into force from the date of their publication in the Official Gazette. While easing compliance for FMEs, the new regulations also implement stronger safeguards for investor protection, marking a positive step in GIFT Mar 27, 2025 · The Authority also approved a transition to IFSCA (Fund Management) Regulations, 2025, granting a one-time extension for expired private placement memoranda under specific conditions. (2). SNAPSHOT OF THE FM REGULATIONS . These regulations may be called the International Financial Services Centres Authority (Finance Company) Regulations, 2021. Kanungo) 28. The BATF Regulations were notified following the Government of India's notification Apr 7, 2025 · The FM Regulations 2025 introduce investor-friendly measures, reduced entry barriers, and increased operational flexibility, supporting the continued growth of GIFT-IFSC’s fund management industry. 32. In order to have direct oversight over the fund manager and in line Feb 20, 2025 · The Authority in its meeting held on December 19, 2024 approved the proposal on review of IFSCA (Fund Management) Regulations, 2022 and to notify the reviewed Regulations. Salient features of the New Listing Regulations. (1) In these regulations, unless the context otherwise requires, ─. 33. 2(1)(e) of FC Regulations] Finance Unit [as per reg. 2[(c) “IFSC Banking Unit” or “Banking Unit” means a financial institution under clause (c) of sub-section (1) of Section 3 of the Act that is licensed by the Authority to undertake permissible activities under these regulations;] Aug 20, 2024 · The International Financial Services Centres Authority (“IFSC Authority”) released a consultation paper on August 5, 2024 (“Consultation Paper”), proposing a host of amendments to the IFSCA (Fund Management) Regulations, 2022 (“FM Regulations”). 29. an average consolidated pre-tax profit, of at least USD one million during the preceding three financial years, and Apr 7, 2025 · The FM Regulations 2025 introduce investor-friendly measures, reduced entry barriers, and increased operational flexibility, supporting the continued growth of GIFT-IFSC’s fund management industry. As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment. 17. At present, the GIFT IFSC is the maiden international financial services centre in India. Bigger Text. Under clause (23FB) of section 10 of the Income-tax Act, 1961, the rules now recognize Venture Capital Funds established in International Financial Services Centres (IFSCs) as Category I Alternative Investment Funds. BATF Service Provider means any entity registered under these Regulations to undertake the following: Valuation of Assets of Schemes under IFSCA (Fund Management) Regulations 2022 by Credit Rating Agencies at IFSC : 3: 02/05/2024: Facilitating investments by NRIs and OCIs into Indian securities through Schemes / Funds in an IFSC : 4: 05/04/2024: Ease of doing business - Filing of Schemes or funds under IFSCA (Fund Management) Regulations 2022 May 7, 2021 · The said regulations bifurcates the entities allowed to conduct business in IFSC as; i) Finance Company, ii) Finance Unit. Definitions 2. May 13, 2025 · New CMI Regulations clarify that minimum net-worth requirement shall now be separate and in addition to the minimum net worth requirements applicable for other activities outside IFSC or within IFSC under any other regulations or framework. Kanungo) Principal Chief General Manager Published in the Official Gazette of Regulations) have been notified in the official gazette on June 6, 2024. P. Find the latest regulations, circulars, public comments and consultations on IFSCA's website. The BATF regulations establish a comprehensive regulatory framework for providing book-keeping, accounting, taxation, and financial crime compliance services from the IFSC. IFSCA is a statutory authority that regulates and develops the International Financial Services Centres (IFSCs) in India. categories specified in regulation 3(4) of the IFSCA (Fund Management) Regulations, 2022 (“Regulations”), for undertaking the business of fund management in an International Financial Services Centre (IFSC). Cups and Cup events may carry the following additional designations: Official website of the International Federation of Sport Climbing. The Reserve Bank has issued a notification under FEMA vide Notification No. ] Jun 12, 2024 · Ans. 31. Transfers of speciﬁed securities provided in these Regulations or any other Regulations or directed by the Reserve Bank of India from time to time, nothing contained in any other regulations shall apply to a financial institution or branch of a financial institution set up in an IFSC. (B. On April 28th, 2007, the AGFIS General Meeting accepted the IFSC as a new member. 1 International Financial Services Centres Authority (Payment Services) Regulations, 20241 [As amended upto 2nd April, 2024] In exercise of the powers conferred by sub-section (1) of Section 12 read with sub-section 1 of section 28 Mar 27, 2015 · Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto On September 1, 2020, the IFSCA issued the IFSCA (Insurance) Regulations, 2020, for regulating the insurance sector in the IFSC. Screen Reader. (ec) “IFSC Banking Unit” or “IBU” means a Banking Unit licensed or permitted by the Authority to operate in an IFSC as a branch of the Parent Bank. (1). THE FIRST SCHEDULE THE SECOND SCHEDULE 2 Public Offerings through IFSC Stock Exchanges The Regulations enable IPOs of securities through IFSC Stock Exchanges by issuers who have: a. 02/03/2015. Jun 28, 2024 · The prudential norms encompass liquidity ratios, leverage ratios, exposure ceilings, and currency regulations. G. Salient features of the New Listing Regulations 5. Nov 23, 2023 · The FAQs on the Registration of Fund Management Entities (FMEs) and Authorization of Schemes or Funds under IFSCA (Fund Management) Regulations, 2022 provide comprehensive guidance for entities seeking registration and authorization within the International Financial Services Centres Authority (IFSCA) framework. These regulations have been published in the Official Gazette of Government of India on March 23, 2015 vide Notification No. The Authority in its meeting held on June 27, 2024 approved the New Listing Regulations. Key Points: Exchange Control Regulations Units within the GIFT IFSC are exempt from Indian exchange control regulations, thereby simplifying ﬁnancial transactions. 2 The following sporting codes have the status of rules for the purposes of these regulations: IFSC Anti-Doping Rules; IFSC Betting and Anti-Corruption Code Regulations, 2022. Definitions (1) In these regulations, unless the context otherwise requires, - Sep 13, 2024 · The Regulations provide for various avenues to access capital markets through IFSC Stock Exchanges (including those which are prevalent in international markets). The Statutes and By-laws, as well as the regulations of the new International Federation, were unanimously adopted . to replace the existing IFSCA (Issuance and Listing of Securities) Regulations, 2021 with the New Listing Regulations. Finance Companies means a financial institution as defined under clause (c) of subsection (1) of section 3 of the Act, separately incorporated to deal in one or more of the permissible activities specified under sub-regulation (1) of regulation 5 of these regulations The setting up of a Banking Unit requires a license from the IFSC Authority under these regulations, which can be granted to both Indian and Foreign banks provided Nov 10, 2023 · What are the benefits for Funds registered in IFSC? FMEs registered under IFSC regulations will enjoy various benefits listed below: 1. For Objectives of IOI Jan 29, 2025 · Key Highlights of the Notification 1. Investment Opportunities. 2(1)(f) of FC Regulations] “2(1)(e). Find events calendar, all past and future results, ranking, IFSC news, photos, videos. The New Listing Regulations have been drafted to give an impetus to listing of equity instruments (primarily by unlisted Indian companies as well as foreign companies), bonds and other permitted financial products on the stock exchanges in the IFSC. Capital Gains Tax Exemptions Transfers of speciﬁed securities listed on the GIFT IFSC exchanges by non-residents are exempt from capital gains tax. 4. Jun 11, 2024 · These Regulations aim to put the regulatory framework relating to development, registration and operations of Book-keeping, Accounting, Taxation and Financial Crime Compliance Services from International Financial Services Centres (‘IFSC’). Venture Capital Fund Regulations. The New Listing Regulations have been drafted to give an impetus to listing of equity Aug 9, 2021 · The SEBI (IFSC) Guidelines, 2015 read with the Operating Guidelines, and the Foreign Exchange Management (IFSC) Regulations, 2015 are the primary sources of regulation for AIFs in an IFSC. For instance, a registered FME, intending to undertake the activities of a distributor, will now be India Inx-India International Exchange IFSC Ltd. 6[(eb) “IFSC Banking Company” or “IBC” means a Banking Unit licensed or permitted by the Authority to operate in an IFSC as a subsidiary company of the Parent Bank. Objective: These Regulations aim to put in place the process of registration and Dec 11, 2024 · 100% IIOs are required to ensure that 100% issued policies’ records + claims made + re-insurance’ business records are held in data’s centres located + also maintained (all) in India under Regulation 4(3) of MIR Regulations. Rules and regulations to be laid before Parliament. These measures ensure that IFSC banking units maintain financial discipline, manage risks effectively, and contribute to the growth of India’s financial sector. notified as Recognized stock exchange: 30/04/2024: Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024: 30/04/2024: Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024 Aug 13, 2024 · The International Financial Services Centres Authority (IFSCA) has introduced new regulations, effective June 6, 2024, to create a regulatory framework for bookkeeping, accounting, taxation, and financial crime compliance services within IFSCs. The FM Regulations become effective on 19 May 2022 (Effective Date). 1 Each person taking part in a para climbing event must comply with the IFSC Competition Rules, these regulations, and any amendments noted in the Event Information Sheet. These regulations aim to position GIFT IFSC as a Management (International Financial Services Centre) Regulations, 2015 setting out RBI regulations relating to financial institutions set up in International Financial Services Centres (IFSC). The FM Regulations, , inter alia Nov 29, 2022 · Finance Company [as per reg. Listing Obligations and Disclosure Requirements under IFSC Regulations Major compliances under Chapter XII of IFSCA Regulations are highlighted below: Feb 7, 2023 · Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 [Last amended on February 07, 2023] Aug 20, 2024 · 4. Feb 21, 2025 · On 10-2-2025, the International Financial Services Centres Authority notified the International Financial Services Centres Authority (Fund Management) Regulations, 2025 repealing the International Financial Services Centres Authority (Fund Management) Regulations, 2022. IV. 30. 339/2015/RB dated March 02, 2015 setting out RBI regulations relating to financial institutions set up in International Financial Services Centres (IFSC). The provisions came into force on 13-2-2025. Funds incorporated in GIFT IFSC are permitted to invest in the following securities (which may not be allowed to Funds operating out of India): Securities Listed in GIFT IFSC (1) These regulations shall be called the International Financial Services Centres Authority (Fund Management) Regulations, 2022. Extending SEBI LODR obligations to unlisted public companies getting listed on IFSC will be unreasonable. Overriding effect. Power to modify provisions of other enactments in relation to International Financial Services Centres. S. 34. Accessibility Options. (2) They shall come into force on the date of their publication in the Official Gazette. Savings. (2) They shall come into force from the date of their publication in the Official Gazette. These updates aim to align IFSC regulations with global standards, enhance operational transparency, and simplify compliance for market participants. • The launch of the IFSC at GIFT City is the first step towards bringing financial services transactions relatable to India, back to Indian shores • IFSC unit is treated as a non-resident under extant Foreign Exchange Management regulations Definition and establishment of IFSC in India Features and objective of establishment of GIFT IFSC The Regulations on functioning of finance companies in an IFSC are aimed at further strengthening the financial ecosystem in the IFSC by promoting participation of non-banking financial institutions alongside the banking units and provide opportunities to non-banking financial institutions to set up units in the IFSC to undertake a wide range Compliance with post listing norms under IFSC Regulations to be adhered to. an operating revenue of at least USD 20 million in the preceding financial year, and b. Amendment to certain enactments. R. [ 18 ] On December 7, 2020, the IFSCA signed an MoU with the Abu Dhabi Global Market (ADGM) to promote and develop the financial services industry in their respective jurisdictions. (2) These regulations shall come into force on the thirtieth day from the date of its publication in the Official Gazette. Subject to the provisions of Section 1(3) of the Act, and save as otherwise provided in these Regulations or any other Regulations or directed by the Reserve Bank of India from time to time, nothing contained in any other regulations shall apply to a financial institution or branch of a financial institution set up in an IFSC. For instance, a registered FME, intending to undertake the activities of a distributor, will now be (1) These regulations shall be called the International Financial Services Centres Authority (Fund Management) Regulations, 2022. (1) In these regulations, unless the context otherwise requires, ─ Cup or Cup Series refers to an annual competition series authorised by the IFSC (or a subordinate continental council of the IFSC) in any of the Boulder, Lead and Speed Disciplines and listed on the calendar of events published by the IFSC. Small Text May 14, 2025 · Owing to the current shift to cater to global financial institutions and investment funds, the International Financial Services Centre ("IFSC") zone in Gujarat International Finance Tec-City ("GIFT") has seen a notable boost in the number of Fund Management Entities ("FMEs") and funds. Power to make regulations. Power to remove difficulties. The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. irprr vqqq vwd kbowehyy xtch xcpadlz mgvus age nwxzv sraxap

Ifsc regulations. SNAPSHOT OF THE FM REGULATIONS .