IFSCA Issues FAQs on GIC Regulations 2025

IFSC FAQs dated 13.04.2026

The International Financial Services Centres Authority (IFSCA) has released Frequently Asked Questions (FAQs) on the IFSCA (Global In-house Centres) Regulations, 2025, providing clarity on the regulatory framework governing GIC Units in IFSCs.

1. What is a GIC Unit?

A Global In-house Centre (GIC) Unit refers to:

• A unit established in an IFSC
• Providing services related to:

1. 1. Financial products
   2. Financial services

• Serving a Financial Institution Group under permitted operating models

2. Eligibility to Set Up GIC Units

Entities qualifying as a Financial Institution Group are eligible to apply for setting up a GIC Unit in IFSC

3. Permissible Structures

A GIC Unit can be established as:

• A company in IFSC
• A Limited Liability Partnership (LLP) in IFSC
• A branch of an entity incorporated outside IFSC

4. Application Process

• Applications must be submitted through the Single Window IT System (SWIT)
• The Authority may grant in-principle approval, subject to compliance with specified conditions

5. Conditions and Timelines

• Applicants must fulfil prescribed conditions within specified timelines
• Final approval is contingent upon compliance with all regulatory requirements

6. Conclusion

The FAQs provide much-needed clarity and operational guidance for entities looking to establish GIC Units in IFSC, supporting the development of a structured, transparent, and globally competitive financial services ecosystem.

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