# IFSCA Set to Streamline Ancillary and TechFin Services Framework!

Published: 14 May 2025
Author: Treelife
Practice area: News
Source: https://treelife.in/news/ifsca-set-to-streamline-ancillary-and-techfin-services-framework/

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Blog Content Overview

- [1 1) New Permissible Activities Proposed to be Added:](#1_New_Permissible_Activities_Proposed_to_be_Added)
- [2 2) Strengthening Governance:](#2_Strengthening_Governance)
- [3 3) Service Recipient:](#3_Service_Recipient)

The International Financial Services Centres Authority (IFSCA) has taken a significant step towards consolidating the **Ancillary Services Framework (2021)** and **TechFin Framework (2022)** into a single, unified framework. We summarize the key points to note in the draft IFSCA (TechFin and Ancillary Services) Regulations, 2025 below:

### **1) New Permissible Activities Proposed to be Added:**

**Ancillary Services:**

- Actuarial Services

- Business Process Outsourcing (BPO)

- Customer Care Support

- Human Resource and Payroll Processing

- Insolvency and Liquidation Support Services

- Knowledge Process Outsourcing (KPO)

- Risk Management and Mitigation

- Supply Chain Management Support

**Tech-Fin Services:**

- Cloud Computing Services

- Data Centre Operations

- ERP Systems

- Implementation of eGRC Software Platforms

- IT services linked to the payment ecosystem

### **2) Strengthening Governance:**

The appointment of a **Principal Officer (PO)** and **Compliance Officer (CO)** is now mandated in the draft regulations. The educational criteria for these roles have also been clearly specified, emphasizing qualifications like **CA**, **CS**, **CMA**, **CFA**, or relevant postgraduate degrees in finance, law, or business.

### **3) Service Recipient:**

It is important to note that the requirement of **Service Recipient** being:

- An entity in GIFT-IFSC

- Any BFSI entity located outside India for the purpose of making arrangements for delivery of financial services specified by IFSCA

- Indian entities solely for setting up offices in IFSC
…still remains unchanged.

🔗 **Link to the Consultation Paper:**
[Consultation Paper on draft IFSCA (TechFin and Ancillary Services) Regulations, 2025](https://ifsca.gov.in/Viewer?Path=Document%2FReportandPublication%2Fdraft-tas-regulations_09-05-2025-3-50-1-09052025043323.pdf&Title=Consultation%20Paper%20on%20draft%20IFSCA%20%28TechFin%20and%20Ancillary%20Services%29%20Regulations%2C%202025&Date=09%2F05%2F2025)

Comments are invited on the Consultation Paper until **June 1st, 2025**.
Write to us at **dhairya.c@treelife.in** for discussion.

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- [IFSCA’s Single Window IT System (SWIT): A Game Changer for Businesses in GIFT City](https://treelife.in/news/ifscas-single-window-it-system-swit-a-game-changer-for-businesses-in-gift-city/)

- [Proposed Platform Play Framework for Fund Managers in GIFT IFSC ](https://treelife.in/news/proposed-platform-play-framework-for-fund-managers-in-gift-ifsc/)

- [Navigating the New Cyber Security Framework in GIFT IFSC](https://treelife.in/news/navigating-the-new-cyber-security-framework-in-gift-ifsc/)

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