IFSCA India and UK FCA Sign Exchange of Letters for Regulatory Cooperation

Press Release; dated: 11.02.2026

The International Financial Services Centres Authority (IFSCA), India, and the Financial Conduct Authority (FCA), United Kingdom, have signed an Exchange of Letters (EoL) to formalise regulatory cooperation in identified areas of mutual interest.

This development marks an important step in strengthening cross-border supervisory collaboration between India’s IFSC ecosystem and the UK’s financial regulatory framework.

1. Objective of the Exchange of Letters (EoL)

The primary objective of the EoL is to facilitate:

• Sharing of information on regulatory developments
• Exchange of insights on:

1. 1. Financial products
   2. Financial services
   3. Financial institutions

Across the respective jurisdictions of India (IFSC) and the United Kingdom.

2. Scope of Cooperation

The EoL provides a structured framework for cooperation in relation to:

• Regulatory and supervisory frameworks
• Emerging policy initiatives
• Supervisory approaches and practices
• Exchange of best practices

The cooperation is expected to enhance regulatory alignment and promote greater transparency in cross-border financial activities.

3. Significance for IFSC and UK Financial Markets

The agreement supports:

• Development of the GIFT IFSC ecosystem
• Greater engagement between Indian IFSC entities and UK-regulated institutions
• Improved understanding of regulatory expectations in both jurisdictions
• Strengthening of international financial cooperation

4. Key Takeaway

The signing of the Exchange of Letters between IFSCA and the UK FCA formalises a collaborative mechanism for regulatory dialogue and information exchange, reinforcing cross-border cooperation and contributing to the stability and development of financial markets in both jurisdictions.

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