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International Financial Services Centres Authority

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,

Issue Date: 08 October 2025 Published: 11 October 2025
Gazette ID: CG-GJ-E-11102025-266868 Download PDF
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Core Purpose

The International Financial Services Centres Authority notifies the International Financial Services Centres Authority (Payment and Settlement Systems) (Amendment) Regulations, 2025, to further amend the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024.

Detailed Summary

The International Financial Services Centres Authority (IFSCA), under F. No. IFSCA/GN/2025/010 and dated September 29, 2025, issued the International Financial Services Centres Authority (Payment and Settlement Systems) (Amendment) Regulations, 2025. These regulations, which will come into force upon publication in the Official Gazette (published October 8, 2025), amend the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024. The amendment is made in exercise of 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 (50 of 2019), and section 34 B read with sub-section (1) and clauses (b) to (f) of sub-section (2) of section 38 of the Payments and Settlement Systems Act, 2007 (51 of 2007). Specifically, the existing clause (d) of sub-regulation (1) of regulation 3 of the 2024 Regulations is replaced to define "Board" as "the Payments Regulatory Board constituted under sub-section 2 of section 3 of the Act".

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-GJ-E-11102025-266868 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 668] NEW DELHI, WEDNESDAY, OCTOBER 8, 2025/ASVINA 16, 1947 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 29th September, 2025 International Financial Services Centres Authority (Payment and Settlement Systems) (Amendment) Regulations, 2025 F. No. IFSCA/GN/2025/010. —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 (50 of 2019) and section 34 B read with sub-section (1) and clauses (b) to (f) of sub-section (2) of section 38 of the Payments and Settlement Systems Act, 2007 (51 of 2007), the International Financial Services Centres Authority hereby makes the following regulations further to amend the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024, namely: 1. (1) These regulations may be called the International Financial Services Centres Authority (Payment and Settlement Systems) (Amendment) Regulations, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024, the existing clause (d) of sub-regulation (1) of regulation 3, shall be replaced as follows, "(d) "Board" means the Payments Regulatory Board constituted under sub-section 2 of section 3 of the Act" PRAVEEN TRIVEDI, Executive Director [ADVT.-III/4/Exty./402/2025-26] 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. SARVESH KUMAR Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2025.10.11 16:06:59 +0530

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