Amendment to the Framework for Ship Leasing · IFSCA-FCR0SL/25/2025-Banking/2026-27/01
IFSCA circular IFSCA-FCR0SL/25/2025-Banking/2026-27/01 · 22 Apr 2026
Official title
Amendment to the Circular titled ‘Framework for Ship Leasing’
IFSCA circular IFSCA-FCR0SL/25/2025-Banking/2026-27/01 · 22 Apr 2026
Official title
Amendment to the Circular titled ‘Framework for Ship Leasing’
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has amended the 'Framework for Ship Leasing' dated August 16, 2022. The amendment involves the omission of the Explanation contained in clause 3.D.(ii) of the original framework. This change is a consequence of the inclusion of 'management of physical assets' in the Third Schedule of the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025, which specifies services that TechFin and Ancillary Service Providers are not permitted to provide. The circular applies to all Finance Companies or Units undertaking ship leasing activities in the International Financial Services Centre (IFSC) and is effective immediately.
What you must do
Key dates
Who is affected
CIRCULAR
F. No. IFSCA-FCR0SL/25/2025-Banking/2026-27/01 April 22, 2026 To, All Finance Company/ Unit undertaking ship leasing activity in IFSC Madam/ Sir, Subject: Amendment to the Circular titled ‘Framework for Ship Leasing’
Reference may be drawn to the Circular titled “Framework for Ship Leasing” dated August 16, 2022, (hereinafter referred to as ‘Framework’), in particular to the Explanation contained in clause 3.D.(ii) of the Framework.
Consequent to the inclusion of “management of physical assets” in the Third Schedule of the International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025, specifying the services not permitted to be provided by TechFin and Ancillary Service Provider, the Explanation contained in clause 3.D.(ii) of the Framework stands omitted.
This circular is issued in exercise of powers conferred by section 12 and 13 of the IFSCA Act 2019, to develop and regulate the financial products, financial services and financial institutions in the IFSCs, and shall come into force with immediate effect.
A copy of this circular is available on the website of the Authority at www.ifsca.gov.in/circular.
Yours faithfully, Sd/- Supriyo Bhattacharjee (Chief General Manager)