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September 2026
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FEMA & RBIIFSC distributors: IFSCA adds UAE, Singapore, Australia and the European Union as specified jurisdictions; “jurisdiction” means where the product is domiciled
4 jurisdictions addedClarifiedIFSCA has amended its Master Circular for Distributors in the IFSC. UAE, Singapore, Australia and the European Union are specified as jurisdictions for regulation 32(1)(a) and (c) of the Capital Market Intermediaries Regulations, 2025, provided they are not FATF-listed or notified as high risk. “Jurisdiction” refers to the domicile of the product, not the location of its manager.
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