IFSCA Notifies IFSCA (TechFin and Ancillary Services) (Amendment) Regulations 2026

The International Financial Services Centres Authority (IFSCA) has notified the IFSCA (TechFin and Ancillary Services) (Amendment) Regulations, 2026, introducing a dedicated regulatory framework for Trust and Company Service Providers (TCSPs).

1. Insertion of New Chapter

• A new chapter relating to ‘Trust and Company Services Provider’
• Has been inserted into the Regulations

2. Key Areas Covered under the New Framework

2.1 Mandatory Registration

• Entities intending to operate as TCSPs must obtain registration from IFSCA

2.2 Permissible Services

• The framework specifies services that may be undertaken by TCSPs
• A separate schedule has been inserted detailing the list of permissible activities/services

2.3 Governance and Control

• Norms have been prescribed relating to:

1. 1. Governance standards
   2. Management and control mechanisms

2.4 Principal Officer and Compliance Officer

• TCSPs are required to appoint:

1. 1. A Principal Officer
   2. A Compliance Officer

• To ensure regulatory compliance and operational oversight

3. Objective of the Amendment

The amendment aims to:

• Create a structured regulatory framework for ancillary service providers in IFSCs
• Enhance transparency, governance, and accountability
• Promote international best practices in trust and corporate services

4. Conclusion

The introduction of a dedicated framework for Trust and Company Service Providers strengthens the IFSC ecosystem by formally regulating such service providers and defining their permissible activities, governance standards, and compliance obligations.