F. No. IFSCA-PLNP/80/2024-Capital Markets dated: 02.04.2026
The International Financial Services Centres Authority (IFSCA) has mandated a certification requirement for professionals associated with Capital Market Intermediaries (CMIs) operating in IFSCs.
1. Specified Certification Course
The prescribed certification is titled: “Regulatory Framework for Capital Market Intermediaries in IFSC”
- The course is offered by the Institute of Company Secretaries of India (ICSI)
- It is aimed at enhancing regulatory understanding and compliance capabilities
2. Applicability of the Requirement
The certification is mandatory for:
- Key Managerial Personnel (KMPs)
- Employees engaged in core activities of CMIs
3. Compliance Deadline
- The certification must be completed by 30th September 2026
4. Responsibility for Compliance
- CMIs and their controlling persons are responsible for ensuring compliance
- They must ensure that all relevant personnel complete the certification within the prescribed timeline
5. Objective of the Mandate
The requirement seeks to:
- Strengthen regulatory awareness and expertise
- Improve governance and compliance standards
- Enhance investor confidence in IFSC market intermediaries
6. Conclusion
This initiative reinforces IFSCA’s focus on building a well-informed and competent ecosystem, ensuring that key personnel in capital market intermediaries are equipped with the necessary regulatory knowledge and skills.
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