Summary
- The International Financial Services Centres Authority (IFSCA) has introduced a new regulatory framework for Trust and Company Services Providers (TCSPs) through amendments to the TechFin and Ancillary Services Regulations, 2025.
- Effective from May 5, 2026, the regulations require TCSPs to obtain separate registration and maintain an arm’s length relationship between their services.
- Key provisions include fit and proper criteria, governance structures, and compliance obligations for entities engaged in leasing activities within IFSCs.
- This amendment aims to enhance oversight and ensure robust operational standards for TCSPs, potentially reshaping the landscape of financial services in India.
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