The International Financial Services Centres Authority has notified a unified framework prohibiting insider trading and manipulative, fraudulent and unfair practices in securities markets within the International Financial Services Centre. The regulations implement the market abuse framework approved in July and replace the application in the IFSC of the Securities and Exchange Board of India’s separate insider trading and fraudulent and unfair trade practices regulations. Insiders may not disclose material nonpublic information except for legitimate purposes, duties or legal obligations, or trade while possessing such information unless a specified exception applies. Controlling shareholders, directors and other designated persons must report transactions exceeding USD 25,000 in a quarter to the listed entity within two trading days. The entity must notify its stock exchanges and publish the information on its website within two working days. IFSC listed entities must also establish effective internal controls and a code of conduct to prevent insider trading and market abuse.
2026-09-08India International Financial Services Centres Authority
India's International Financial Services Centres Authority notifies unified market abuse rules for IFSC securities markets
The International Financial Services Centres Authority has notified unified rules against insider trading and manipulative, fraudulent and unfair securities practices in the IFSC, replacing the two applicable SEBI regimes. The framework restricts disclosure and use of material nonpublic information, sets a quarterly transaction disclosure threshold of USD 25,000 for designated persons and requires listed entities to maintain internal controls and codes of conduct.