International Financial Services Centres Authority (IFSCA), India, and Financial Conduct Authority (FCA), United Kingdom, signed an Exchange of Letters (EoL) on February 11, 2026, in Gandhinagar to formalize regulatory cooperation in areas of mutual interest. The EoL was signed by Dr. Dipesh Shah, Executive Director, IFSCA, and Ms. Camille Blackburn, FCA Director, Asia-Pacific, in the presence of IFSCA Chairperson Mr. K. Rajaraman and senior officials from both sides, including representatives of the British High Commission. The agreement aims to facilitate sharing of information on regulatory developments relating to financial products, financial services, and financial institutions in their respective jurisdictions. It also covers cooperation on regulatory and supervisory frameworks, initiatives, and best practices. Additionally, the EoL provides for exchange of information regarding the application of technologies, financial technology (FinTech), and regulatory technology (RegTech) in financial markets.
International Financial Services Centres Authority
PRESS RELEASE
IFSCA, India and FCA, UK sign Exchange of Letters (EoL)
The International Financial Services Centres Authority (‘IFSCA’), India and Financial Conduct Authority (‘FCA’), United Kingdom have signed Exchange of Letters (EoL) to formalize regulatory cooperation in identified areas of mutual interest. The EoL was signed by Dr. Dipesh Shah, Executive Director, IFSCA and Ms. Camille Blackburn, FCA Director, Asia-Pacific, in the presence of Mr. K. Rajaraman, Chairperson IFSCA. Mr. Stephen Hickling, British Deputy High Commissioner to Gujarat and Rajasthan, and other senior officials from the British High Commission, FCA and IFSCA were also present in attendance. The EoL was signed and operationalized today, i.e. February 11, 2026.
The objective of the EoL is to facilitate the sharing of information on developments in regulation for financial products, financial services and financial institutions in the respective jurisdictions as well as developments in regulatory and supervisory frameworks and initiatives, including sharing of best practices. Furthermore, the EoL will encompass the sharing of information about application of technologies, innovations, financial technology and regulatory technology in the financial markets in the respective jurisdictions.
Gandhinagar
February 11, 2026
