IFSCA Extends Timeline For Revised Compliance Officer Norms

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  • Last Updated on 6 September, 2025

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IFSCA Revised Compliance Officer Norms

Notification No. IFSCA-PLNP/80/2024-Capital Markets; Dated: 04.09.2025

1. Introduction

The International Financial Services Centres Authority (IFSCA) has issued an important circular revising compliance timelines under the IFSCA (Capital Market Intermediaries) Regulations, 2025. These regulations were introduced to strengthen the governance framework for intermediaries operating in the International Financial Services Centre (IFSC).

2. Revised Norms For Key Appointments

As per the regulations, intermediaries are required to adhere to revised norms governing the appointment of the principal officer and the compliance officer. These roles are central to ensuring that entities maintain strong internal controls, follow regulatory standards, and operate in line with global best practices.

3. Original Compliance Deadline

Initially, the regulations mandated that all existing capital market intermediaries comply with the revised requirements on or before October 1, 2025, or by any other date specified by the Authority. This timeline was set to give entities sufficient opportunity to align their operations with the updated framework.

4. Extension Of Deadline

Recognising the practical challenges faced by intermediaries, the IFSCA has now decided to extend the compliance deadline to December 31, 2025. This extension provides additional time for entities to make necessary adjustments, recruit suitable personnel for key positions, and establish stronger compliance systems without disrupting ongoing operations.

5. Conclusion

The circular, which comes into effect with immediate effect, reflects IFSCA’s balanced approach of promoting robust compliance while accommodating industry readiness. By granting additional time, the Authority ensures that capital market intermediaries in the IFSC can smoothly transition to the new regulatory framework and continue contributing to the growth and stability of India’s international financial ecosystem.

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Author: Taxmann

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