The International Financial Services Centres Authority has introduced a key requirement for Fund Management Entities (FMEs) operating in IFSC.
🔍 What the circular says:
All Key Managerial Personnel (KMPs) and employees involved in core fund management activities must complete the certification:
👉 “Regulatory Framework for Fund Management in IFSC: AIFs and Retail Schemes”
(offered by The Institute of Company Secretaries of India)
⏱ Deadline: September 30, 2026
📌 Key implications for FMEs:
Mandatory certification for core fund management teams
Ongoing responsibility to maintain eligibility criteria under FM Regulations, 2025
Strong push toward regulatory readiness and standardised expertise
📈 Ecosystem impact:
Even trustees, intermediaries, and fund administrators in GIFT IFSC are encouraged to undertake this certification—raising overall governance standards.