INDIA: IFSCA Issues Revamped Regulatory Framework for Global Access

Thursday August 14 2025

On 12^th August 2025, the International Financial Services Centres Authority (IFSCA) issued the revamped regulatory framework for Global Access in IFSC.

One of the key objectives of IFSCA is to develop the IFSC in India as a gateway for crossborder capital flows, effectively connecting India with global financial markets. With investors increasingly seeking new avenues such as global markets for portfolio diversification, higher returns, hedging against commodity and currency risks, and arbitrage opportunities, the capital market ecosystem within the IFSC is strategically positioned to facilitate dealings in securities and other permitted financial products on stock exchanges in foreign jurisdictions in a transparent, regulated, competitive and efficient manner

The new framework is a result of extensive stakeholder consultations with recognised stock exchanges and market participants. It provides an opportunity for entities to provide access to global markets through IFSC. The investors, particularly Indian retail investors participating through the Liberalised Remittance Scheme (LRS) route, will be able to access global markets in a transparent manner. The physical presence of the brokers and Global Access Providers in the IFSC and regulation by IFSCA will help in protecting resident Indian investors investing in Global Stock markets.

Further, the framework is also expected to facilitate “onshoring” the activities of broker dealers and proprietary trading entities who trade in global markets but operating from foreign jurisdictions. Through this framework, IFSCA aims to consolidate cross-border trading within the IFSC jurisdiction, providing a competitive and globally aligned environment and strengthening the capital market ecosystem in the IFSC.

The framework sets out comprehensive norms for Global Access Providers and Introducing Brokers and is designed to enhance market access for investors while ensuring robust investor protection, market integrity and ease of doing business.

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