On February 11, 2026, the International Financial Services Centres Authority (IFSCA) of India and the Financial Conduct Authority (FCA) of the United Kingdom signed an Exchange of Letters (EoL) to formalize regulatory cooperation. The EoL was signed by Dr. Dipesh Shah, Executive Director, IFSCA, and Ms. Camille Blackburn, FCA Director, Asia-Pacific, in the presence of Mr. K. Rajaraman, Chairperson IFSCA, and Mr. Stephen Hickling, British Deputy High Commissioner to Gujarat and Rajasthan, along with other senior officials. The objective is to facilitate information sharing on developments in regulation, financial products, services, and institutions, as well as regulatory and supervisory frameworks, including best practices. The EoL will also cover sharing information about technology applications, innovations, financial technology, and regulatory technology in the financial markets within their respective jurisdictions. The signing took place in Gandhinagar.
Key Entities Referenced
Exchange of Letters (EoL): Agreement between IFSCA and FCA to formalize regulatory cooperation in identified areas of mutual interest.
International Financial Services Centres Authority (IFSCA): Financial regulatory authority in India signing the Exchange of Letters (EoL).
Financial Conduct Authority (FCA): Financial regulatory authority in the UK signing the Exchange of Letters (EoL).
Gandhinagar: Location where the Exchange of Letters (EoL) was signed.
PRESS RELEASE
IFSCA, India and FCA, UK sign Exchange of Letters (EoL)
The International Financial Services Centres Authority (‘IFSCA’), India and Financial
Conduct Authority (‘FCA’), United Kingdom have signed Exchange of Letters (EoL) to
formalize regulatory cooperation in identified areas of mutual interest. The EoL was
signed by Dr. Dipesh Shah, Executive Director, IFSCA and Ms. Camille Blackburn,
FCA Director, Asia-Pacific, in the presence of Mr. K. Rajaraman, Chairperson IFSCA.
Mr. Stephen Hickling, British Deputy High Commissioner to Gujarat and Rajasthan,
and other senior officials from the British High Commission, FCA and IFSCA were also
present in attendance. The EoL was signed and operationalized today, i.e. February
11, 2026.
The objective of the EoL is to facilitate the sharing of information on developments in
regulation for financial products, financial services and financial institutions in the
respective jurisdictions as well as developments in regulatory and supervisory
frameworks and initiatives, including sharing of best practices. Furthermore, the EoL
will encompass the sharing of information about application of technologies,
innovations, financial technology and regulatory technology in the financial markets in
the respective jurisdictions.
Gandhinagar
February 11, 2026