In exercise of the powers conferred by sub section (1) of section 28 read with sub section (1) of Section 12 and sub section (1) of Section 13 of the International Financial Services

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-08052026-272323 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 308] NEW DELHI, THURSDAY, MAY 7, 2026/VAISAKHA 17, 1948 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 5th May, 2026 International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2026 F. No. IFSCA/GN/2026/ 009.— In exercise of the powers conferred by sub-section (1) of section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following regulations, further to amend the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (hereinafter referred to as the principal regulations), namely:- 1. (1) These regulations may be called the International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2026. (2) These regulations shall come into force on the date of their publication in the Official Gazette. 2. In the principal regulations, after clause (m) of sub-regulation (1) of regulation 2, the following clauses shall be inserted, namely:- "(n) "Special Purpose Vehicle (SPV)" means a Finance Company incorporated or administered or both, by a Trust and Company Service Provider, in such manner as may be specified by the Authority, for undertaking permissible activities; (o) " Trust and Company Service Provider (TCSP)" means an entity authorised under the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025, to provide TCSP services;" 3. In the principal regulations, in sub-clause (m) of clause (iii) of sub-regulation 1 of regulation 5, the word “and” shall be omitted; 4. In the principal regulations, after sub-clause (m) of clause (iii) of sub-regulation 1 of regulation 5, the following shall be inserted, namely:- "(ma) leasing or financing activity undertaken by an SPV, as permitted by the Authority;" and 5. In the Schedule to the principal regulations, after serial number 3, the following serial number shall be inserted, namely:- +-----+-----------------------------------+---------------------------------------------------------------------------------------------------+--------------------------+ | No. | Activity | Minimum Owned Fund Requirement (in USD or equivalent amount in any other freely convertible currency) | Exempted Regulations, if Any | +=====+===================================+===================================================================================================+==========================+ | 4 | leasing or financing activity | The minimum owned fund, or paid-up share capital, shall be equivalent to the amount prescribed | (i) regulation (4) | | | undertaken by an SPV | under the Companies Act, 2013, or such other amount as may be specified by the Authority. | (ii) regulation (8). | +-----+-----------------------------------+---------------------------------------------------------------------------------------------------+--------------------------+ PRAVEEN TRIVEDI, Executive Director [ADVT.-III/4/Exty./76/2026-27] Note: 1. The International Financial Services Centres Authority (Finance Company) Regulation, 2021 were published in the Gazette of India Extraordinary vide notification No. IFSCA/2020-21/GN/REG010 on 25th March 2021, read with Corrigendum dated 12th April, 2021. 2. The International Financial Services Centres Authority (Finance Company) (Amendment) Regulation, 2022, was published in the Gazette of India Extraordinary vide notification No. IFSCA/2022-23/GN/REG026 on 1st July, 2022. 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. KUMER CHAND Digitally signed by KUMER CHAND MEENA Date: 2026.05.08 14:31:27