Preparing for the Annual Compliance Audit under IFSCA CMI Regulation 2025

Key Points:

• The International Financial Services Centres Authority (IFSCA) has established the Capital Market Intermediaries (CMI) Regulations, 2025.
• These regulations aim to enhance compliance and oversight for financial intermediaries operating in international financial services centers.
• The introduction of these regulations signifies a move towards stricter governance and accountability in the capital markets sector.

Background: The IFSCA is responsible for regulating financial services in designated international financial centers, and the CMI Regulations are part of its efforts to ensure robust regulatory frameworks.

What's Next: Organizations will need to prepare for the upcoming annual compliance audit to align with these new regulations, which may involve updating policies and practices.