The International Financial Services Centres Authority (IFSCA) on November 26, 2025, issued a circular regarding the Disclosure requirement under Clause 39 of the circular “Regulatory Framework for Global Access in the IFSC”.
This circular is issued with reference to the International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 and to the circular issued thereunder, titled “Regulatory Framework for Global Access in the IFSC” dated August 12, 2025.
Clause 39 of the said Circular requires Global Access Providers and Introducing Brokers to have systems in place to ensure that key risks and disclaimers relating to global access are displayed at every login by their clients, in a manner specified by the Authority.
In this regard, the Authority hereby specifies key risks/disclaimers as set out in Annexure I hereto, to be displayed by GAPs or IBs as the case may be at every login to their clients.
GAPs or IBs as the case may be, shall ensure compliance with this circular latest by December 31, 2025.
[Circular No. IFSCA-DSI/12/2025-Capital Markets]
