Home India International Financial Services Centres Authority In exercise of the powers conferred by sub section 1 of Sect...
Date: 2026-01-08 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of Section 28, read with sub section 1 of Section 12 of the International Financial Services Centres Authority Act

Issued by International Financial Services Centres Authority · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This document is a notification from the International Financial Services Centres Authority (IFSCA) regarding amendments to the IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024. These amendments, titled the (Amendment) Regulations, 2026, come into effect on the date of their publication in the Official Gazette. The notification is dated January 5, 2026, from Gandhinagar. **Key Points / Main Content** * **General Provisions:** * These regulations are called the International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) (Amendment) Regulations, 2026. * The regulations come into force on the date of their publication in the Official Gazette. * **Amendments to Principal Regulations:** * Regulation 12 is removed from the principal regulations. * In the Second Schedule of the principal regulations, in item 5, the phrase "and 12" is removed after "regulation 11." **Impact Analysis** **International Financial Services Centres Authority (IFSCA)** * **Impact:** The IFSCA is responsible for implementing and enforcing the amended regulations, affecting the framework of accounting, taxation, and financial compliance services within international financial service centers. * **Action Required:** Update the principal regulations to reflect the removal of Regulation 12 and the corresponding change in the Second Schedule. **Entities Operating in International Financial Service Centres** * **Impact:** These entities must comply with the updated regulations regarding book-keeping, accounting, taxation, and financial crime compliance, ensuring their operations adhere to the revised framework. * **Action Required:** Review and adjust internal policies and procedures to align with the amended regulations.

Key Entities Referenced

International Financial Services Centres Authority Act, 2019: The primary legislation granting powers to the International Financial Services Centres Authority. International Financial Services Centres Authority: The regulator responsible for international financial services centres. International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024: The principal regulations being amended by this notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-जी.जे.-अ.-09012026-269245 xxxGIDHxxx CG-GJ-E-09012026-269245 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 22] नई ददल्ली, बृहस्ट्प जतिार, िनिरी 8, 2026/पौष 18, 1947 No. 22] 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 (बहीखाता, लखे ाकं न, कराधान और जित्तीय अपराध अनपु ालन सिे ाए)ँ (सिं ोधन) जिजनयम, 2026 फा. स.ं आईएफएससीए/जीएन/2026/002.—अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण अजधजनयम, 2019 की धारा 12 की उप-धारा (1) के साथ पठित धारा 28 की उप-धारा (1) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण एतद्द्वारा अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बहीखाता, लखे ांकन, कराधान और जित्तीय अपराध अनपु ालन सेिाएँ) जिजनयम, 2024 (जिसे इसके बाद प्रधान जिजनयम कहा िाएगा) में और संिोधन करने के जलए जनम्नजलजखत जिजनयम बनाता ह,ै अथाात:् 1. (1) इन जिजनयमों को अतं रराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बहीखाता, लेखांकन, कराधान और जित्तीय अपराध अनुपालन सेिाएँ) (संिोधन) जिजनयम, 2026 कहा िाएगा। (2) य ेरािपत्र में प्रकािन की तारीख से प्रभािी होंगे। 194 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 2. प्रधान जिजनयमों म,ें जिजनयम 12 का जिलोप हो िाएगा। 3. प्रधान जिजनयमों की जद्वतीय अनसु चू ी म,ें मद संख्या 5 म,ें िब्द और अंक "जिजनयम 11" के बाद िब्द और अंक "और 12" का जिलोप हो िाएगा। प्रिीण जत्रिेदी, कायाकारी जनदेिक [जिज्ञापन-III/4/असा./598/2025-26] नोट: अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (बहीखाता, लेखांकन, कराधान और जित्तीय अपराध अनुपालन सेिाएँ) जिजनयम, 2024 भारत के रािपत्र, असाधारण म,ें ददनांक 06 िून, 2024 को संख्या िी.एस.आर. 394 के अंतगता प्रकाजित दकए गए थे। INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 5th January, 2026 International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) (Amendment) Regulations, 2026. F. No. IFSCA/GN/2026/002.—In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 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 (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024 (hereinafter referred to as the principal regulations), namely: 1. (1) These regulations may be called the International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the principal regulations, regulation 12 shall stand omitted. 3. In the SECOND SCHEDULE of the principal regulations, in item number 5, after the word and figure “regulation 11”, the word and figure “and 12” shall stand omitted. PRAVEEN TRIVEDI, Executive Director [ADVT.-III/4/Exty./598/2025-26] Note: The International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024 were published in the Gazette of India, Extraordinary, vide number G.S.R. 394, dated 06th June, 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.

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