IFSCA Recognises SPVs, Tightens Rules for Leasing and Financing in IFSCs [Read Notification]
IFSCA has amended its Finance Company Regulations, 2021, to formally include Special Purpose Vehicles (SPVs) managed by Trust and Company Service Providers (TCSPs) for leasing and financing activities
![IFSCA Recognises SPVs, Tightens Rules for Leasing and Financing in IFSCs [Read Notification]](https://images.taxscan.in/h-upload/2026/05/10/2136289-ifsca-spvs-tightens-rules-leasing-financing-ifsc-taxscan.webp "IFSCA Recognises SPVs, Tightens Rules for Leasing and Financing in IFSCs [Read Notification]")
The InternationalFinancial Services Centres Authority (IFSCA) has notified the Finance Company (Amendment) Regulations, 2026, introducing a framework for Special Purpose Vehicles (SPVs) and linking them to Trust and Company Service Providers (TCSPs). Also Read:Minimum Alternate Tax (MAT) Provisions Inapplicable Once Concessional Tax Regime Option Exercised: ITAT Deletes ₹36.67...
The InternationalFinancial Services Centres Authority (IFSCA) has notified the Finance Company (Amendment) Regulations, 2026, introducing a framework for Special Purpose Vehicles (SPVs) and linking them to Trust and Company Service Providers (TCSPs).
The amendment introduces two new definitions:
1. Special Purpose Vehicle (SPV):
A finance company that is set up or managed by a Trust and Company Service Provider (TCSP). It can carry out specific activities approved by IFSCA, such as leasing or financing.
2. Trust and Company Service Provider (TCSP):
An entity authorised under the IFSCA (TechFin and Ancillary Services) Regulations, 2025, to provide trust and company-related services.
The amendment removes minor wording (“and”) from Regulation 5 to make space for new provisions.
It adds a new clause allowing SPVs to undertake leasing or financing activities, provided they have IFSCA’s permission.
The original Finance Company Regulations, 2021, were published on March 25, 2021, with a corrigendum dated April 12, 2021.
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