The International Financial Services Centres Authority (IFSCA) on November 09, 2026, issued a consultation paper on guidelines for engaging Financial Solicitation Professionals (FSPs).
The following has been stated: -
•The International Financial Services Centres Authority (IFSCA) has issued a consultation paper dated November 09, 2026, inviting public comments on the proposed guidelines for engaging Financial Solicitation Professionals (FSPs) by Financial Institutions operating in the International Financial Services Centre (IFSC).
•The proposed guidelines require Financial Institutions to conduct due diligence before engaging FSPs and ensure that they disclose the identity of the institution, provide accurate information, avoid misleading representations, comply with applicable jurisdictional laws, maintain client confidentiality and refrain from holding client assets.
•Financial Institutions shall remain responsible for the acts and omissions of their FSPs, take appropriate action, including termination of engagement for non-compliance, and publish and regularly update the list of engaged FSPs on their websites.
•Comments and suggestions may be submitted to IFSCA by November 30, 2026.
The detailed notification is given in the document below.
