Date: 2026-01-08Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by sub section 1 of Section 28 read with sub section 4 of Section 17 of the International Financial Services Centres Authority Act
**Executive Summary**
The document is a notification from the International Financial Services Centres Authority (IFSCA) published in the Gazette of India on January 8, 2026. It announces the International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026, effective from the date of publication. The amendment modifies the criteria for independent experts in the principal regulations.
**Key Points / Main Content**
* **Title and Effective Date:**
* The regulations are titled "International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026."
* The regulations are effective from the date of their publication in the Official Gazette (January 8, 2026).
* **Amendment to Principal Regulations:**
* Regulation 2 modifies clause (ii) of sub-regulation (1) of regulation 3 of the principal regulations.
* The words "Up to two independent experts" are replaced with "At least two independent experts from relevant fields."
**Impact Analysis**
**Stakeholder: International Financial Services Centres Authority (IFSCA)**
* **Impact:** The IFSCA is responsible for implementing and enforcing the amended regulations.
* **Action Required:** The IFSCA needs to update its processes and guidelines to reflect the new criteria for selecting independent experts.
**Stakeholder: Performance Review Committee**
* **Impact:** The committee's composition and selection process for independent experts are directly affected.
* **Action Required:** The committee must ensure that future appointments of independent experts meet the amended requirement of having "at least two independent experts from relevant fields."
**Stakeholder: Independent Experts**
* **Impact:** Those seeking to be independent experts must meet the new requirements to be from relevant fields.
* **Action Required:** Experts will need to demonstrate expertise from relevant fields to be considered.
Key Entities Referenced
International Financial Services Centres Authority Act, 2019: The governing act that empowers the IFSCA.
International Financial Services Centres Authority: The primary regulatory body issuing the notification.
International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022: The original regulations being amended.
International Financial Services Centres Authority (Performance Review Committee) (Amendment) Regulations, 2026: The subject of the notification, amending existing regulations.
Gandhinagar: Location where the notification was issued by IFSCA.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-जी.जे.-अ.-09012026-269247
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CG-GJ-E-09012026-269247
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 24] नई कदल्ली, बृहस्ट्प जतिार, िनिरी 8, 2026/पौष 18, 1947
No. 24] 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 (कायपय ालन पनु र्िलय ोकन सजिजत) (सिं ोधन) जिजनयि, 2026
फा. स.ं आईएफएससीए/जीएन/2026/004.—अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण अजधजनयि, 2019 की
धारा 17 की उप-धारा (4) 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 (प्रदियन सिीक्षा सजिजत) जिजनयि, 2022
(जिसे इसके बाद प्रिुख जिजनयि कहा िाएगा) िें और संिोधन करने के जलए जनम्नजलजखत जिजनयि बनाता है, अथायत्:-
1. (1) इन जिजनयिों को अंतरराष्ट्रीय जित्तीय सेिा केंद्र प्राजधकरण (कार्यपालन पनु र्वयलोकन समिमि) (संिोधन) जिजनयि,
2026 कहा िाएगा।
(2) ये रािपत्र िें प्रकािन की तारीख से प्रभािी होंगे।
2. प्रधान जिजनयिों के जिजनयि 3 के उप-जिजनयि (1) के खडं (ii) ि,ें "दो स्ट्ितंत्र जििेषज्ञों तक" िब्दों को "संबंजधत क्षेत्रों
से कि से कि दो स्ट्ितंत्र जििेषज्ञ" िब्दों स ेप्रजतस्ट्थाजपत ककया िाएगा।
प्रिीण जत्रिेदी, काययकारी जनदेिक
[जिज्ञापन-III/4/असा./600/2025-26]
196 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
NOTIFICATION
Gandhinagar, the 5th January, 2026
International Financial Services Centres Authority (Performance Review Committee)
(Amendment) Regulations, 2026
F. No. IFSCA/GN/2026/004.— In exercise of the powers conferred by sub-section (1) of Section 28 read
with sub-section (4) of Section 17 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 (Performance Review Committee) Regulations, 2022 (hereinafter referred to as
the principal regulations), namely:-
1. (1) These regulations may be called the International Financial Services Centres Authority (Performance Review
Committee) (Amendment) Regulations, 2026.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In clause (ii) of sub-regulation (1) of regulation 3 of the principal regulations, for the words “Up to two independent
experts”, the words “At least two independent experts from relevant fields” shall be substituted.
PRAVEEN TRIVEDI, Executive Director
[ADVT.-III/4/Exty./600/2025-26]
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.