The UK’s Financial Conduct Authority (FCA) and India’s International Financial Services Centres Authority (IFSCA) have signed Exchange of Letters (EoL) to enhance regulatory cooperation. This agreement aims to boost collaboration, improve supervision of cross-border firms, and foster innovation in financial services between the two jurisdictions.
In a significant step toward strengthening international financial cooperation, the UK’s Financial Conduct Authority (FCA) and India’s International Financial Services Centres Authority (IFSCA) have exchanged letters of cooperation. The agreement, formalized in February 2026, underscores both regulators’ commitment to enhancing transparency, supervision, and innovation in global financial markets.
Key Highlights
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Regulatory Cooperation: The Exchange of Letters (EoL) establishes a framework for deeper collaboration between FCA and IFSCA.
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Cross-Border Oversight: The agreement will help regulators supervise firms operating across both jurisdictions more effectively.
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Information Sharing: Enhanced mechanisms for exchanging regulatory insights and tackling shared risks.
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Innovation Focus: Cooperation aims to support fintech, sustainable finance, and emerging financial technologies.
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Global Alignment: Strengthens India-UK ties in financial services, aligning with international standards and best practices.
This collaboration is expected to create a more robust environment for investors and businesses, while reinforcing both nations’ positions as forward-looking financial hubs.
Sources: IFSCA Press Release (Feb 11, 2026), FCA Official Updates