IFSCA Introduces Unified Registration for Multiple Capital Market Activities
- Blog|News|FEMA & Banking|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 20 February, 2026
Latest from Taxmann
Circular F No. IFSCA-PLNP/80/2024-Capital Markets, Dated 13.02.2026
The International Financial Services Centres Authority (IFSCA) has issued a circular introducing a Unified Registration (Master Key) framework under the IFSCA (Capital Market Intermediaries) Regulations, 2025.
The new framework enables eligible entities in IFSC to undertake multiple capital market activities through a streamlined registration process.
1. Single Application Through SWIT Portal
Under the unified registration framework:
- Entities in IFSC may apply for multiple permitted capital market intermediary activities
- Through a single application
- Filed on the SWIT (Single Window IT System) portal
This replaces the earlier approach requiring separate applications for each activity.
2. Approval and Fee Structure
Once unified registration is approved:
- Applicants must pay applicable fees separately
- For each permitted activity they intend to undertake
Thus, while the application process is unified, the fee structure remains activity-specific.
3. Scope of Activities Covered
The Master Key registration allows intermediaries to seek approval for:
- Multiple capital market intermediary functions
- As permitted under the IFSCA (Capital Market Intermediaries) Regulations, 2025
This facilitates operational flexibility for entities operating within IFSC.
4. Objective of the Framework
The unified registration mechanism aims to:
- Simplify the registration process
- Reduce duplication in documentation and approvals
- Enhance ease of doing business in IFSC
- Promote operational efficiency for intermediaries
- Encourage participation in IFSC capital markets
5. Key Takeaway
IFSCA’s Unified Registration (Master Key) framework enables capital market intermediaries in IFSC to obtain approval for multiple permitted activities through a single application on the SWIT portal, streamlining regulatory processes while retaining activity-wise fee requirements.
Click Here To Read The Full Circular
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
