IFSCA (Capital Market Intermediaries) Regulations, 2025

IFSCA has issued International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025. A unit in IFSC desirous of undertaking any of the below mentioned activities shall obtain a certificate of registration from the Authority:

  1. Broker dealer;
  2. Clearing member;
  3. Credit rating agency;
  4. Custodian;
  5. Debenture Trustee;
  6. Depository participant
  7. Distributor;
  8. ESG Ratings and Data Products Provider;
  9. Investment adviser;
  10. Investment banker; and
  11. Research Entity.

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