The International Financial Services Centres Authority (IFSCA) on October 23, 2025, issued a circular regarding the framework on the Stewardship Code in IFSC.
The following has been stated: -
•The IFSCA has issued a Framework on Stewardship Code under the FM Regulations, 2025, to promote investor protection and robust corporate governance in IFSCs.
•Fund Management Entities and Institutional Investors (including AIFs and RFs) are encouraged to adopt a Stewardship Code aligned with global standards or one issued by Indian/foreign regulators.
•The adopted code must be communicated to IFSCA, disclosed to customers, and regularly reported on the entity’s website.
•Entities must also periodically review compliance and efficacy of the code, with the circular effective immediately under IFSCA’s statutory powers.
The detailed circular is given in the document below.
[Circular No.: F. No. IFSCA-AIF/132/2024-Capital Markets]
