Ministry of Finance Department of Economic Affairs Financial Market Division

Exemption of Sec 25 of the Pension Fund Regulatory and Development Authority Act 2013 for Financial Products Financial Services and Financial Institutions in International Financial Services Centres under the IFSCA Act 2019.

Issue Date: 01 October 2025 Published: 01 October 2025

Gazette ID: CG-DL-E-01102025-266593 Download PDF

Back to Feed

Core Purpose

The Central Government directs that section 25 of the Pension Fund Regulatory and Development Authority Act, 2013, shall not apply to financial products, financial services, or financial institutions in an International Financial Services Centre.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs, Financial Market Division, issued Notification S.O. 4493(E) on October 1, 2025. In exercise of powers conferred by sub-section (1) of section 31 read with section 30 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), the Central Government directed that section 25 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013) shall not apply to financial products, financial services, or financial institutions, as the case may be, operating within an International Financial Services Centre. This notification was signed by Solomon Arokiaraj, Additional Secretary, and bears File No. 3/4/2022-EM.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-01102025-266593 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4368] NEW DELHI, WEDNESDAY, OCTOBER 1, 2025/ASVINA 9, 1947 MINISTRY OF FINANCE (Department of Economic Affairs) (FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 1st October, 2025 S.O. 4493(E).— In exercise of powers conferred by sub-section (1) of section 31 read with section 30 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), the Central Government hereby directs that section 25 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013) shall not apply to financial products, financial services or financial institutions, as the case may be, in an International Financial Services Centre. [F. No. 3/4/2022-EM] SOLOMON AROKIARAJ, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free