Circular outlining the Fee Structure for KYA Registration Agencies in IFSC

The International Financial Services Centres Authority (IFSCA) (“Authority”) has issued a Circular bearing reference no. IFSCA/CMD/DMIIT/KRA/2025-26/1 dated 16th June 2025 outlining the Fee Structure for KYC Registration Agencies in IFSC (“Circular”). The Circular has been issued pursuant to the IFSCA (KYC Registration Agency) Regulations, 2025 notified on 16th April 2025.

The salient features of the Circular are as follows:

1. Applicable Fee Structure for KYC Registration Agencies in IFSC:
   • Application Fee: USD 1,000
   • Registration Fee: USD 5,000
   • Annual Fee: USD 5,000
2. The Application Fee shall be paid by the applicant at the time of submitting the application to the IFSCA.
3. Upon receiving intimation from the IFSCA granting Provisional Approval or In-Principle Approval, the applicant shall pay the Registration Fee within 15 days from the date of such intimation.
4. The Annual Fee shall become payable upon obtaining registration from the Authority.
5. The Annual Fee shall be calculated on a pro-rata basis for every remaining month of the financial year in which registration is granted by the Authority.
6. The Annual Fee shall be paid within 15 days from the date of grant of registration.
7. For the purpose of fee calculation, any part of a month shall be treated as a full month.
8. After the financial year in which registration is granted, the Annual Fee shall be payable on 30th April of each subsequent financial year. For example, the Annual Fee for FY 2026-27 shall be payable on 30th April 2026.

A copy of the Circular is attached herewith for ready reference.

Source category: IFSC Insurance Office

Attachments

• IFSCA Fee Structure for KYC Registration Agencies