IFSCA circular IFSCA-FCR0ITFS/2/2024-Banking/01 · 07 Aug 2025
Official title
Onboarding of certain categories of the Regulated Entities to the Central Registry of CERSAI for registration and satisfaction of assignment of receivables transactions
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has directed specific categories of regulated entities to onboard with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). This directive facilitates compliance with section 19 of the Factoring Regulation Act, 2011, and regulation 6 of the IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024, which mandate the registration and satisfaction of assignment of receivables transactions. Affected entities must follow the procedures outlined in the CERSAI user manuals for entity management and transaction registration. This circular is effective immediately.
What you must do
Key dates
Who is affected
[Image omitted. See the official document.]
CIRCULAR
e-File. No. IFSCA-FCR0ITFS/2/2024-Banking/01
August 7, 2025
To All Factors in the International Financial Services Centre (IFSC) All Trade Receivables Discounting Systems (TReDS) in the IFSC
Madam/Sir,
Subject: Onboarding of certain categories of the Regulated Entities to the Central Registry for registration and satisfaction of assignment of receivables transactions
Reference is drawn to section 19 of the Factoring Regulation Act, 2011 (‘FR Act’) and regulation 6 of IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024 (‘regulations’) which inter-alia mandate the requirement of registration of the particulars of every transaction of assignment of receivables and satisfaction of assignment of receivables with the Central Registry.
In this context, it is informed that the Central registry has recently added following categories of the Regulated Entities as ‘IFSCA Entity’ in the Entity Category dropdown in the Entity Registration Form: a. IFSC Banking Unit; b. IFSC Banking Company; c. IFSC Finance Company; d. IFSC Finance Unit; and e. IFSC TReDS.
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Accordingly, the Regulated Entities mentioned in para-2 are hereby directed to onboard themselves with the Central Registry in order to comply with the section 19 and regulation 6 of the FR Act and regulations, respectively.
For the purpose of onboarding with the Central Registry and for filing the particulars of registration/satisfaction of the assignment of receivables (‘AOR’), the Regulated Entities may refer to the User Manual published on the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (‘CERSAI’) portal.
The User Manual for onboarding with the CERSAI portal is available at www.cersai.org.in > Downloads > User Manual > Entity management User Manual and the User Manual for registration of AOR transaction is available at www.cersai.org.in > Downloads > User Manual > AOR Transaction User Manual.
For any support and guidance, CERSAI’s helpdesk may be approached through e-mail to helpdesk@cersai.org.in or through telephone at Helpdesk Numbers: 011-24664628, 011- 24664629 and 8595542303.
This Circular is issued in exercise of powers of section 12 and 13 of the IFSCA Act, 2019, and this Circular shall come into force with immediate effect.
Yours faithfully,
(Supriyo Bhattacharjee) Chief General Manager Department of Banking
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