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Core Purpose

The International Financial Services Centres Authority issues regulations to amend the International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022.

Detailed Summary

The International Financial Services Centres Authority (IFSCA), exercising powers conferred by sub-section (1) of Section 28 read with sub-section (4) of Section 17 of the International Financial Services Centres Authority Act, 2019, has issued the International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026. These regulations, issued from Gandhinagar on January 5, 2026, and published in the Official Gazette on January 8, 2026, amend the International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022 (referred to as the principal regulations). Specifically, the amendment substitutes the words "Up to two independent experts" with "At least two independent experts from relevant fields" in clause (ii) of sub-regulation (1) of regulation 3 of the principal regulations. The notification was signed by Praveen Trivedi, Executive Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-09012026-269247 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 24] NEW DELHI, THURSDAY, JANUARY 8, 2026/PAUSHA 18, 1947 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 5th January, 2026 International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026 F. No. IFSCA/GN/2026/004.— In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (4) of Section 17 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 (Performance Review Committee) Regulations, 2022 (hereinafter referred to as the principal regulations), namely:- 1. (1) These regulations may be called the International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In clause (ii) of sub-regulation (1) of regulation 3 of the principal regulations, for the words "Up to two independent experts", the words "At least two independent experts from relevant fields" shall be substituted. PRAVEEN TRIVEDI, Executive Director [ADVT.-III/4/Exty./600/2025-26]

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