The India International Financial Services Centres Authority has expanded the jurisdictions from which registered distributors may offer capital market products and services to investors other than sophisticated investors in the International Financial Services Centre. The amendment adds the United Arab Emirates, Singapore, Australia and the European Union, provided the products or services are offered by regulated entities in those jurisdictions. The change amends the Master Circular for Distributors issued under the IFSCA (Capital Market Intermediaries) Regulations, 2025, which established requirements for distributors as part of the authority’s updated framework for capital market intermediaries. It broadens the range of cross-border offerings available to non-sophisticated investors and the business opportunities open to registered distributors.
2026-09-23India International Financial Services Centres Authority
India International Financial Services Centres Authority expands cross-border product distribution to non-sophisticated investors
The India International Financial Services Centres Authority has allowed registered distributors to offer products and services from regulated entities in the United Arab Emirates, Singapore, Australia and the European Union to investors other than sophisticated investors. The amendment broadens permitted cross-border distribution under the authority’s 2025 capital market intermediaries framework.