The International Financial Services Centres Authority (IFSCA), on January 08, 2026, issued the International Financial Services Centres Authority (Registration of Insurance Business) (Amendment) Regulations, 2026, to further amend the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021.
The following has been stated namely: -
• Sub-clause (i) of clause (1) of the Second Schedule of the principal regulations shall be substituted as under, namely:- ‘Service Companies of Lloyd’s IFSC’ means Service Companies registered in India and promoted by:
• Managing Agents of Lloyd’s;
• Such group entities of Managing Agents or Members of Lloyd’s, as may be permitted by Lloyd’s; or
• Indian Companies which meet the criteria specified under these regulations.”
[Notification No. F. No. IFSCA/GN/2026/003]
