IFSCA · Circular

Certification on Cyber Security and Cyber Resilience for Designated Officers and other specified employees of Regulated Entities in the IFSCs

IFSCA-CSD/MSC/4/2026-DCS

In short
IFSCA-CSD/MSC/4/2026-DCS, issued on 27 October 2026, makes cyber security certification mandatory for named roles at every regulated entity in the IFSCs. The Designated Officer — at an MII, the CISO — must hold both the Basic (NISM-IFSCA-02A) and the Advanced (NISM-IFSCA-02B); the Compliance Officer and staff running IT operations or information security, or holding privileged access to critical systems, must hold the Basic. Each has six months from the examination going live or from appointment, whichever is later — for those already in post, 18 May 2027 for the Basic and 30 June 2027 for the Advanced.

This page is the record of the instrument itself — reference, dates, scope and source. For what it means in practice, read Every Indian cyber instrument, and who each one binds.

The record

ReferenceIFSCA-CSD/MSC/4/2026-DCS
Issued byInternational Financial Services Centres Authority (IFSCA)
Instrument typeCircular
Date of issue27 October 2026
StatusIn force
BindsAll regulated entities in the IFSCs, with no exemption carved out, through named roles. The Designated Officer — at an MII, the CISO — must hold both the Basic and the Advanced NISM-IFSCA cyber security certifications; the Compliance Officer and staff running IT operations or information security, or holding privileged access to critical systems, must hold the Basic. Six months from the examination going live or from appointment, whichever is later.
Dates it sets
  • 18 May 2027 — Basic certification (NISM-IFSCA-02A) for those in post: six months from the examination going live on 18 November 2026.
  • 30 June 2027 — Advanced certification (NISM-IFSCA-02B) for the Designated Officer or MII CISO in post: six months from the examination going live on 30 December 2026.
IFSCA Cyber Security Certification Circular, 2026 as the register holds it, read from the issuing regulator's own notification.

What it says

  • Requires the Designated Officer, and at an MII the CISO, to hold both the Basic and the Advanced NISM-IFSCA cyber security certifications.
  • Requires the Compliance Officer, and staff responsible for IT operations or information security or holding privileged access to critical systems, to hold the Basic certification.
  • Allows six months from the examination going live, or from appointment to the role, whichever is later. The Basic examination goes live on 18 November 2026 and the Advanced on 30 December 2026.
  • Requires the certification to be held at all times while in the role, and the regulated entity to keep records it can produce to IFSCA.
  • Encourages the Advanced certification for the Compliance Officer and the staff above, and the Basic for every other employee.

What accounts of this instrument get wrong

Read the instrument

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Not a reading list. Each of these alters the obligation on this page — the amendment that moved a date, the sibling that binds the entity class this one excludes, or the separate track it is routinely merged with.

This record is one entry in the Indian cyber regulation register, which publishes the same fields for every instrument as an open dataset. Indicative, and not legal advice: whether an instrument reaches your organisation turns on your licences and registrations, and is a determination for your legal team.

Every instrument cited here was verified against the issuing regulator's own notification on .

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