Date: 2026-01-08Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by sub section 1 of Section 28 read with Section 12 and 13 of the International Financial Services Centres Authority Act,
**Executive Summary**
This document is a notification regarding the International Financial Services Centres Authority (Registration of Insurance Business) (Amendment) Regulations, 2026, published on January 8, 2026. These regulations amend the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021, and are effective from the date of their publication in the Official Gazette. The key amendment pertains to the definition of 'Service Companies of Lloyd's IFSC'.
**Key Points / Main Content**
* **Regulation Name:** International Financial Services Centres Authority (Registration of Insurance Business) (Amendment) Regulations, 2026.
* **Effective Date:** From the date of publication in the Official Gazette.
* **Amendment to Principal Regulations:**
* The definition of 'Service Companies of Lloyd's IFSC' in the Second Schedule of the principal regulations is replaced.
* 'Service Companies of Lloyd's IFSC' now means Service Companies registered in India and promoted by:
* Managing Agents of Lloyd's.
* Group entities of Managing Agents or Members of Lloyd's, as permitted by Lloyd's.
* Indian Companies that meet the criteria specified under the regulations.
**Impact Analysis**
**Stakeholder: International Financial Services Centres Authority**
* **Impact:** The Authority is responsible for implementing and enforcing the amended regulations.
* **Action Required:** Ensure compliance with the revised definition of 'Service Companies of Lloyd's IFSC' in the registration of insurance businesses.
**Stakeholder: Lloyd's IFSC service companies**
* **Impact:** These entities are directly affected by the redefined scope of "Service Companies of Lloyd's IFSC," which details new criteria for registration.
* **Action Required:** Review their operations to ensure they meet the updated criteria for registration and promotion, specifically regarding management, group affiliations, and compliance with the regulations.
**Stakeholder: Indian Companies Seeking Registration**
* **Impact:** Those Indian Companies wishing to register as "Service Companies of Lloyd's IFSC" are impacted.
* **Action Required:** Indian Companies wishing to register must adhere to meet the criteria outlined in the new regulations.
Key Entities Referenced
International Financial Services Centres Authority (IFSCA): The primary regulator responsible for financial services in International Financial Services Centres in India.
International Financial Services Centres Authority Act, 2019: The act that establishes and empowers the IFSCA.
International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021: Regulations governing the registration of insurance businesses in International Financial Services Centres.
Gandhinagar: Location where the notification was issued, implying jurisdiction of IFSCA regulations.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-जी.जे.-अ.-09012026-269246
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CG-GJ-E-09012026-269246
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 23] नई कदल्ली, बृहस्ट्प जतिार, िनिरी 8, 2026/पौष 18, 1947
No. 23] NEW DELHI, THURSDAY, JANUARY 8, 2026/PAUSHA 18, 1947
अतं रराष्ट्रीय जित्तीय सिे ा केंद्र प्राजधकरण
अजधसचू ना
गांधीनगर, 5 िनिरी, 2026
अतं रराष्ट्रीय जित्तीय सिे ा केंद्र प्राजधकरण (बीमा व्यिसाय का रजिस्ट्रीकरण) (सिं ोधन) जिजनयम, 2026
फा. स.ं आईएफएससीए/जीएन/2026/003.—अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण अजधजनयम, 2019 की
धारा 12 और 13 के साथ पठित धारा 28 की उप-धारा (1) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, अंतरराष्ट्रीय जित्तीय
सेिा केंद्र प्राजधकरण अतं रराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बीमा व्यिसाय का रजिस्ट्रीकरण) जिजनयम, 2021
(जिसे इसके बाद 'प्रधान जिजनयम' कहा िाएगा) में और संिोधन करने के जलए एतद्द्वारा जनम्नजलजखत जिजनयम बनाता है,
अथाात:् -
1. सजं िप्त नाम और प्रारंभ: -
(1) इन जिजनयमों को अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बीमा व्यिसाय का रजिस्ट्रीकरण) (संिोधन)
जिजनयम, 2026 कहा िाएगा।
(2) ये रािपत्र में प्रकािन की तारीख से प्रभािी होंगे।
2. प्रधान जिजनयमों की दसू री अनसु ूची के खंड (1) के उप-खडं (i) को जनम्नानुसार प्रजतस्ट्थाजपत ककया िाएगा, अथाात:् -
195 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
'लॉयड के आईएफएससी की सेिा कंपजनयों’ का तात्पया भारत में रजिस्ट्रीकृत और जनम्नजलजखत द्वारा प्रिर्तात सेिा
कंपजनयों से ह:ैं
(क) लॉयड के प्रबंध अजभकरण;
(ख) लॉयड द्वारा यथा अनुमत्त, प्रबधं अजभकरणों या लॉयड के सदस्ट्यों की समूह एंठििीि; या
(ग) भारतीय कंपजनयााँ िो इन जिजनयमों के अधीन जनर्दष्टा मानदंडों को पूरा करती ह।ैं”
प्रिीण जत्रिेदी, कायाकारी जनदेिक
[जिज्ञापन-III/4/असा./599/2025-26]
नोि: अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बीमा व्यिसाय का रजिस्ट्रीकरण) जिजनयम, 2021 भारत के रािपत्र,
असाधारण, म ें अजधसूचना संख्या आईएफएससीए/2021-22/िीएन/आरईिी016 के माध्यम स े कदनांक 20 अक्िूबर,
2021 को प्रकाजित ककए गए थे। इसके अजतठरि, इन जिजनयमों म ें संिोधन भारत के रािपत्र, असाधारण, म ें
कदनांक 05 िनिरी 2022 की अजधसूचना संख्या आईएफएससीए/2021-22/िीएन/आरईिी019 और
कदनांक 17 अक्िूबर 2024 की अजधसूचना संख्या आईएफएससीए/िीएन/2024/010 के माध्यम से प्रकाजित ककए
गए थे।
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
NOTIFICATION
Gandhinagar, the 5th January, 2026
International Financial Services Centres Authority (Registration of Insurance
Business) (Amendment) Regulations, 2026
F. No. IFSCA/GN/2026/003.— In exercise of the powers conferred by sub-section (1) of Section 28 read
with Section 12 and 13 of the International Financial Services Centres Authority Act, 2019, the International Financial
Services Centres Authority hereby makes the following regulations, further to amend the International Financial
Services Centres Authority (Registration of Insurance Business) Regulations, 2021 (hereinafter referred to as the
‘principal regulations’), namely :-
1. Short title and commencement: -
(1) These Regulations may be called the International Financial Services Centres Authority (Registration of
Insurance Business) (Amendment) Regulations, 2026.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. Sub-clause (i) of clause (1) of the Second Schedule of the principal regulations shall be substituted as under, namely:-
‘Service Companies of Lloyd’s IFSC’ means Service Companies registered in India and promoted by:
(a) Managing Agents of Lloyd’s;
(b) Such group entities of Managing Agents or Members of Lloyd’s, as may be permitted by Lloyd’s; or
(c) Indian Companies which meet the criteria specified under these regulations.”
PRAVEEN TRIVEDI, Executive Director
[ADVT.-III/4/Exty./599/2025-26]
Note: The International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021
were published in the Gazette of India Extraordinary vide notification No. IFSCA/2021-22/GN/REG016 on
20th October, 2021. Further, amendments to these regulations were published in the Gazette of India Extraordinary
vide notifications No. IFSCA/2021-22/GN/REG019 on 05th January 2022 and No. IFSCA/GN/2024/010 on
17th October 2024.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.