IFSCA Clarifies Fee Framework Supersession Date

Circular No. IFSCA-DTFA/2/2026, Dated: 13.03.2026

The International Financial Services Centres Authority (IFSCA) has issued a corrigendum to its earlier circular dated 2 March 2026, which prescribed the fee structure for entities undertaking or proposing to undertake permissible activities in IFSC.

1. Key Clarification in Clause 15.1

The corrigendum introduces a specific clarification in clause 15.1, which deals with the supersession of earlier circulars.

• The phrase “date of issuance” has been replaced with “date of commencement”.

2. Implication of the Change

This amendment clarifies that the supersession of earlier circulars will now be effective from the date of commencement of the revised circular, rather than the date on which it was issued.

The change ensures greater clarity in determining the effective timeline for applicability of the revised fee framework.

3. Objective of the Corrigendum

The corrigendum aims to:

• Remove ambiguity regarding the effective date of supersession
• Ensure correct interpretation and implementation of the fee structure circular
• Provide regulatory clarity to entities operating or intending to operate in IFSC

This clarification helps stakeholders accurately determine the transition from earlier fee frameworks to the revised structure.

Click Here To Read The Full Circular