IFSCA (CMI) Regulations, 2025 - Extension of deadline for compliance with revised net worth requirements
IFSCA circular IFSCA-PLNP/80/2024-Capital Markets · 12 Sept 2025
IFSCA circular IFSCA-PLNP/80/2024-Capital Markets · 12 Sept 2025
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has extended the deadline for capital market intermediaries (CMIs) to comply with the revised minimum net worth requirements stipulated under the IFSCA (Capital Market Intermediaries) Regulations, 2025. Originally set for October 1, 2025, the compliance deadline is now extended to December 31, 2025. This decision follows representations received from market participants regarding the capital infusion requirements. The circular is effective immediately.
What you must do
Key dates
Who is affected
आ नो भद्राः क्रतवो यन्तुववश्वत:। Let noble thoughts come to us from all directions
CIRCULAR
File No. IFSCA-PLNP/80/2024-Capital Markets September 12, 2025
To All capital market intermediaries in the IFSC
Dear Sir/Madam,
Subject: IFSCA (CMI) Regulations, 2025 - Extension of deadline for compliance with revised net worth requirements
Explanation: Where a CMI is required to infuse capital to comply with the revised minimum net worth requirements specified in these regulations, such entity shall ensure compliance by October 01, 2025 or any other date as may be specified by the Authority.
Pursuant to representations received from market participants, it has been decided that the timeline for compliance with revised minimum net worth requirements is extended till December 31, 2025.
The circular shall come into force with immediate effect.
This circular is issued in exercise of powers conferred under sections 12 and 13 of the IFSCA Act, 2019 read with regulation 45 of the CMI Regulations.
A copy of this circular is available on the website of IFSCA at www.ifsca.gov.in.
Yours faithfully,
Arjun Prasad General Manager arjun.pd@ifsca.gov.in