IFSCA (TechFin and Ancillary Services) (Amendment) Regulations, 2026 Explained: Key Amendments, Registration & Compliance in IFSCA India

On 5 May 2026, the International Financial Services Centres Authority issued International Financial Services Centres Authority (TechFin and Ancillary Services) (Amendment) Regulations, 2026 to amend the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025.

New Chapter relating to Trust and Company Services Provider has been introduced:

1. The definition of “Trust and Company Services Provider or TCSP” has been introduced which means an entity which has been granted registration as Tech Fin and Ancillary Services Provider under these regulations to undertake Trust and Company Services Provider services for leasing activities permitted by the Authority.

2. Registration is mandatory hence if any entity wants to provide for Trust and Company Services in International Financial Services Centres Authority (‘Authority’), for permitting leasing activities, it should get a registration certificate from the Authority.

3. The Registration Certificate will be valid until suspended/ cancelled by authority, or voluntarily surrendered by entity.

4. Only properly formed entities in IFSC with promoters from countries that are not listed by the Financial Action Task Force as high- risk can apply.

5. Governance and Control:

   • Every Trust should have a governing body which provides a governance framework.

   • There will be an internal audit or review system to check if controls and governance are proper or not.

   • The provider will have to maintain proper and updated records of clients and entities, key persons, legal documents, and services provided.

   • These records should be easily available for inspection and should be kept for at least 5 years after the relationship ends.

   • Leasing-related services should be run as a separate, well-resourced business unit.

   • Work must be divided so that no single person controls everything.

6. Any financial reporting by the Trust and Company Services Provider to the Authority will be in the US Dollar.

7. In case the rules are broken, the Authority can suspend or cancel the registration.

8. The Fifth Schedule (Permissible Limits) has been introduced relating to “A Trust and Company Services Provider may undertake one or more of the following services for leasing activities permitted by the Authority”:

   • acting as an agent for setting up trusts, companies, limited liability partnerships or any other body corporate;

   • acting as or arranging for another person, as the case may be, to act as:

     ✓ trustee, in case of express trust or performing the equivalent function for any other type of trust;

     ✓ a director or company secretary or a nominee shareholder, in case of a company;

     ✓ a partner or a designated partner, in case of limited liability partnerships;

     ✓ any equivalent person, by whatever name called, in case of a body corporate.

   • providing a registered office, business address, correspondence or administrative address for a trust, company or limited liability partnership or body corporate, as may be permitted by applicable law;

   • any other services as may be permitted by the Authority.

Read more:

IFSCA notifies Regulations Empowering TechFin and Ancillary Service Providers

IFSCA Global In-House Centres Regulations 2025: Key Objectives, Eligibility & Registration Process

[IFSCA (TechFin and Ancillary Services) (Amendment) Regulations, 2026, dt. 5 May 2026]