IFSCA Mandates ICSI Certification for IFSC CMIs by Sept 30, 2026

  • Blog|News|FEMA & Banking|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 6 April, 2026

Latest from Taxmann

IFSCA ICSI certification

F. No. IFSCA-PLNP/80/2024-Capital Markets dated: 02.04.2026

The International Financial Services Centres Authority (IFSCA) has mandated a certification requirement for professionals associated with Capital Market Intermediaries (CMIs) operating in IFSCs.

1. Specified Certification Course

The prescribed certification is titled: “Regulatory Framework for Capital Market Intermediaries in IFSC”

  • The course is offered by the Institute of Company Secretaries of India (ICSI)
  • It is aimed at enhancing regulatory understanding and compliance capabilities

2. Applicability of the Requirement

The certification is mandatory for:

  • Key Managerial Personnel (KMPs)
  • Employees engaged in core activities of CMIs

3. Compliance Deadline

  • The certification must be completed by 30th September 2026

4. Responsibility for Compliance

  • CMIs and their controlling persons are responsible for ensuring compliance
  • They must ensure that all relevant personnel complete the certification within the prescribed timeline

5. Objective of the Mandate

The requirement seeks to:

  • Strengthen regulatory awareness and expertise
  • Improve governance and compliance standards
  • Enhance investor confidence in IFSC market intermediaries

6. Conclusion

This initiative reinforces IFSCA’s focus on building a well-informed and competent ecosystem, ensuring that key personnel in capital market intermediaries are equipped with the necessary regulatory knowledge and skills.

Click Here To Read The Full Notification

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

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

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