The International Financial Services Centres Authority vide circular no.F. No. IFSCA-DSF0SFHB/2/2025-Capital Markets released a "Transition Bonds" framework. These ESG-labelled debt securities are designed to fund the decarbonisation of hard-to-abate sectors. The framework specifies eligible activities, requires a robust transition plan, mandates independent external review, and outlines disclosure rules. Please refer the circular for more details.