IFSCA weekly summary

IFSCA updates 26 October-1 November 2026: Cyber certification

IFSCA updates for 26 October-1 November 2026 cover cyber certification, the IIBX client framework and payment operators' financial soundness.

AI-written from 3 official records · How we write these

The week in brief

What changed

3 points

01
Designated officers and MII CISOs must obtain basic and advanced NISM cyber certification; compliance officers and specified IT staff need the basic certificate. Each is due within six months of the relevant exam launch or appointment, whichever is later.
- Record: Certification on Cyber Security and Cyber Resilience for Designated Officers and other specified employees of Regulated Entities in the IFSCs
02
All IIBX participants, including nominated banks, must trade as clients of a Bullion Trading Member instead of accessing the exchange directly. Existing Special Category Clients may continue direct trading only until 13 November 2026.