Category: Regulatory Updates

  • Regulatory Updates

IFSCA hosts Payments Forum 2026 to strengthen global payments ecosystem at GIFT-IFSC

The International Financial Services Centres Authority (“IFSCA” or “Authority”) via press release dated February 13, 2026 announced the hosting of Payments Forum 2026, GIFT-IFSC to strengthen the global payment and settlement ecosystem (“Press Release”). The key

IRDAI – Clarification on provisions with respect to investment in Alternative Investment Funds (AIFs

The Insurance Regulatory and Development Authority of India (“IRDAI”) has issued a Circular dated February 12, 2026, bearing Cir. No. IRDAI/F&I/CIR/INV/28/2/2026, providing clarifications on provisions relating to investment in Alternative Investment Funds (AIFs) (“Circular”). Currently, Chapter

Press Release – IFSCA, India and FCA, UK sign Exchange of Letters (EoL)

The International Financial Services Centres Authority (“IFSCA”), via its Press Release dated February 11, 2026 (“Press Release”), has announced the signing of an Exchange of Letters (EoL) between the Financial Conduct Authority (FCA), United Kingdom and

IRDAI GDP flash figure of Non-Life Insurers up to January 2026

The Insurance Regulatory and Development Authority of India (” IRDAI “) has uploaded Gross Direct Premium Flash Figure for Non-Life Insurers up to the month of January 2026. Please find the file attached herewith for your

IRDAI – Guidelines on Establishment and Closure of Liaison Office in India by an Insurance Company

The Insurance Regulatory and Development Authority of India (“IRDAI”) has issued the Guidelines on Establishment and Closure of Liaison Office in India by an Insurance Company Registered Outside India (“Guidelines”), bearing Ref. No. IRDAI/F&I/GDL/MISC/27/02/2026, dated February

IRDAI – Financial Literacy Week

The Insurance Regulatory and Development Authority of India (“IRDAI”), vide its Press Release dated February 11, 2026, has informed about a three-day workshop programme organised on account of Financial Literacy Week 2026 (FLW 2026), from February

IRDAI First year Premium for Life Insurers for the period ending January 31, 2026

The Insurance Regulatory and Development Authority of India (“IRDAI”) has uploaded the Industry Statistics on the First Year Premium of Life Insurers for the period ended January 31, 2026. The summary of the statistics is as

IRDAI- Order in the matter of M/s Topspot Insurance Broking Private Limited

The Insurance Regulatory and Development Authority of India (IRDAI / Authority) has issued an Order in the matter of M/s Topspot Insurance Broking Private Limited (hereinafter referred to as the “Broker“) vide Order bearing reference number

IRDAI – Handbook on Indian Insurance Statistics 2024-25

The IRDAI has uploaded the Handbook on Insurance Statistics for the year 2024-25 dated February 03, 2026. Key highlights of the statistics are as follows: The number of companies (including SAHI and reinsurers) increasedfrom 73 in

Commencement date of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025

The Ministry of Finance has notified the date of commencement of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 in the Gazette of India vide its notification dated February 03, 2026 bearing Ref.