IFSCA and Finanstilsynet Sign MoU for Financial Market Cooperation
- Blog|News|FEMA & Banking|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 20 February, 2026
Latest from Taxmann
Press Release; Dated: 13.02.2026
The International Financial Services Centres Authority (IFSCA) and Finanstilsynet, the Financial Supervisory Authority of Norway, have entered into a Memorandum of Understanding (MoU) to strengthen regulatory cooperation and collaboration in financial markets.
The agreement reinforces cross-border engagement between India’s IFSC ecosystem and Norway’s financial regulatory framework.
1. Objective of the MoU
The MoU seeks to:
- Facilitate exchange of information on regulatory developments
- Share insights on market trends and supervisory approaches
- Promote exchange of best practices in financial regulation
- Strengthen oversight of financial markets across jurisdictions
The collaboration is aimed at improving mutual understanding of regulatory systems and enhancing supervisory effectiveness.
2. Focus on Emerging Technologies
A key area of cooperation under the MoU includes:
- Fintech innovations
- Regtech developments
- Emerging financial technologies impacting global markets
The arrangement will support knowledge sharing on technology-driven changes in financial services and regulatory approaches.
3. Enhanced Supervisory Coordination
The MoU also provides a framework to enhance oversight relating to:
- Financial products
- Financial services
- Financial institutions operating across jurisdictions
This is expected to strengthen cross-border supervision and market integrity.
4. Significance for IFSC Ecosystem
The agreement supports:
- Development of IFSC as an international financial hub
- Greater international regulatory cooperation
- Improved confidence for global institutions operating in IFSC
- Alignment with global supervisory practices
5. Key Takeaway
The MoU between IFSCA and Norway’s Finanstilsynet establishes a formal mechanism for regulatory cooperation, information sharing, and collaboration on fintech and supervisory practices, supporting cross-border financial stability and innovation.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
