The International Financial Services Centres Authority (IFSCA) on, August 25, 2026, has notified the International Financial Services Centres Authority (Prohibition of Market Abuse in Securities Markets) Regulations, 2026, establishing a framework to prevent market abuse and protect investors in the IFSC.
The following has been stated:
The Regulations prohibit insider trading and manipulative, fraudulent, and unfair trade practices. Insiders are prohibited from communicating material non-public information (MNPI) except for legitimate purposes and from trading while in possession of such information.
Listed entities must establish policies for disclosures by designated persons. Transactions exceeding an aggregate value of USD 25,000 per calendar quarter must be disclosed within two trading days, following which the listed entity must inform the recognised stock exchange(s).
The Regulations also prohibit activities such as artificial price manipulation, circular trading, dissemination of false or misleading information, fraudulent inducement, unauthorised client transactions and other practices that create a false or misleading appearance in the securities market.
Listed entities are required to maintain adequate internal controls and a code of conduct to prevent market abuse and protect MNPI.
The Authority may take action for violations, including issuing warnings or censures and suspending or cancelling registration. The Regulations also replace the applicability of the relevant SEBI Insider Trading and PFUTP Regulations within the IFSC.
Please refer to the document attached below for more details.
[Notification No.: IFSCA/GN/2026/012]
