FCA exchanges letters on cooperation with India regulator, IFSCA

We have signed an Exchange of Letters with the International Financial Services Centres Authority (IFSCA).

IFSCA is the unified regulator for financial institutions operating in Gujarat International Finance Tec-City (GIFT City), India’s first international financial services centre.

This agreement affirms both authorities’ commitment to develop our regulatory relationship.

Download our letter (PDF)

The letters set out the intention to share regulatory knowledge and best practice to support the development of financial services in both jurisdictions and to promote greater links between GIFT City and UK financial markets.

In addition to the Exchange of Letters, to help develop our relationship with India’s financial regulators we will be posting an FCA Financial Services Attaché to the British Deputy High Commission in Mumbai later in 2026.