The Framework, Four Quiet Years and the 2026 Sweep
After four years of developing its regulatory framework, IFSCA commenced issuing enforcement orders in July 2024. Since then, it has issued 26 orders, 22 of which were published in 2026 alone. This three-part series examines every published order to map the enforcement machinery, the entities and issues targeted and the sanctions imposed, offering regulated entities in GIFT City a practical guide to IFSCA’s emerging enforcement posture. Part 1 sets out the enforcement framework and the trend.
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This insight has been authored by Swapneil B. Akut, Abhishek Singh, Anushka Rungta and Sankalp A. Dubey from S&R Associates. They can be reached at [email protected], [email protected], [email protected] and [email protected], respectively, for any questions. This insight is intended only as a general discussion of issues and is not intended for any solicitation of work. It should not be regarded as legal advice and no legal or business decision should be based on its content.