IFSC Notifies TechFin & Ancillary Services Regulations 2025

Circular No. IFSCA-GIC/1/2024-CM, Dated: 31.07.2025

IFSC Authority Issues TAS Regulations, 2025

The International Financial Services Centres Authority (IFSCA) has introduced the TechFin and Ancillary Services (TAS) Regulations, 2025, with immediate effect. These regulations aim to streamline the regulatory framework for TechFin and related ancillary service providers operating within IFSCs, aligning them with evolving technological and financial innovations. The move is part of the Authority’s broader strategy to promote innovation while ensuring regulatory clarity and supervision.

Application and Registration Fee Requirements

Under the new framework, all new applicants intending to offer services under TAS Regulations must now submit an application fee of USD 1,000, along with a one-time registration fee of USD 2,500. This change reflects the Authority’s efforts to standardize entry costs while maintaining transparency and accessibility. The regulation emphasizes a structured onboarding process for new entities seeking to operate within the IFSC ecosystem.

Transition Provisions for Existing and Pending Applications

Entities that had submitted applications under previous frameworks need not worry about additional compliance costs. The IFSCA has clarified that pending applications will be evaluated under the TAS Regulations, 2025, without any extra charges. Moreover, existing registered entities must ensure a complete transition to the new framework within 12 months from the date of notification. This transition period allows ample time for compliance and operational adjustments.

Permitted and Prohibited Activities under TAS

The TAS Regulations specify a comprehensive list of activities that may be undertaken by registered entities. These include 27 approved ancillary services such as back-office operations, KYC utilities, and business continuity services, as well as 23 TechFin services involving advanced financial technologies and digital infrastructure support. However, entities are strictly prohibited from engaging in core regulated financial services, such as banking, insurance, and asset management, which remain under separate regulatory purview.

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