Power to relax strict enforcement of the regulations
Regulation 144
Power to relax strict enforcement of the regulations
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter XI · Power to Relax, Issue Clarifications and Specify Additional Requirements
Chapter XI · Power to Relax, Issue Clarifications and Specify Additional Requirements
Regulation 144 – Power to relax strict enforcement of the regulations
Low importance about 3 min
Relaxations, sandbox & closing: Relaxation powers, the sandbox, IFSCA's rule-making powers and the repeal/savings.
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In plain English
The Authority may, for recorded reasons and in the interest of market development, relax strict enforcement of any requirement; a relaxation application (with fee and grounds) is processed within 60 days of a complete application.
In plain English
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The rule, in its own words
Read the exact text of Regulation 144
144. (1) The Authority, for reasons to be recorded in writing, may in the interest of development of financial market in IFSC, relax the strict enforcement of any requirements of these regulations.
(2) For seeking relaxation under sub-regulation (1), an application giving details and the grounds on which such relaxation has been sought, shall be filed with the Authority along with a non-refundable fee as may be specified by the Authority.
(3) The Authority shall process such application within sixty (60) days of the date of receipt of the application, complete in all respects, including responses to clarifications sought and shall record reasons for acceptance or refusal of the relaxations sought by the applicant.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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What this means in practice
Compliance actions
- Applies to
- All FME categories
- Frequency
- Event-driven
- Timing
- Processed within 60 days of a complete application
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 144
3 questions in the unified bank test this regulation. Each explains every option and cites the provision.
A relaxation application under Regulation 144 is processed within how long of a complete application?
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Your notes
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Relaxations, sandbox & closing