The International Financial Services Centres Authority (IFSCA) on November 13, 2025, issued Consultation Paper on Regulatory Framework for Implementation Services by Investment Advisers in IFSC.
The objective of this consultation paper is to seek comments from the public and stakeholders on the draft framework for providing implementation services by Investment Advisers (IAs) registered with the International Financial Services Centres Authority (IFSCA).
Investment Advisers registered with IFSCA under the International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 are permitted to offer implementation services to their advisory clients in the securities market.
However, the CMI Regulations and existing circulars do not currently provide an operational framework or detailed procedures for offering such implementation services.
IFSCA has also received representations from stakeholders seeking clarity on the process and requirements for providing these services.
A draft circular on the “Regulatory Framework for Implementation Services by Investment Advisers in IFSC” is placed below as an annexure- 1. Comments and suggestions from the public and stakeholders are invited on this draft framework.
Comments on the draft circular may be sent by email to Mr. Rishikesh Wandhekar, AM, IFSCA at [email protected] with a copy to Mr. Pawan Kumar Chowdhary, DGM, IFSCA at [email protected] and Mr. Arjun Prasad, GM, IFSCA at [email protected] latest by December 03, 2025.
