The International Financial Services Centres Authority (“IFSCA”) and the Australian Securities and Investments Commission (“ASIC”) have entered into a Memorandum of Understanding (“MoU”), as issued vide Press Release dated September 04, 2025, to enhance regulatory cooperation and advance a strong and efficient financial services ecosystem across both jurisdictions.[1]
The MoU was formally exchanged between Mr. K. Rajaraman, Chairperson, IFSCA and Mr. Joseph Longo, Chair, ASIC at the ASIC headquarters in Sydney, Australia.
I. Purpose of the MoU
The primary objective of the MoU is to:
- facilitate mutual assistance and information sharing between the two regulatory authorities; and
- promote cooperation on:
- Regulatory best practices
- Emerging trends in financial markets
- Use of technology in financial services
- Other areas of mutual interest
II. Key Features
Timely exchange of information concerning:
- significant developments and events in financial services;
- supervision and enforcement actions;
- regulatory compliance expectations for market participants
Strengthened inter-regulatory cooperation, contributing to the development of robust regulatory frameworks in both India’s IFSC and the Australian financial market.
III. Significance
This MoU marks a significant step in building global regulatory linkages for the IFSCA, facilitating:
- Cross-border regulatory collaboration;
- Alignment with international standards;
- Support for innovation and investor protection in global financial services
[1]https://ifsca.gov.in/CommonDirect/GetFileView?id=21626bde60601ef44a0ed02201a9ff5b&fileName=Press_Release_20250904_0114.pdf