The International Financial Services Centres Authority (IFSCA) has established a comprehensive regulatory framework for Fund Management Entities (FMEs) operating in GIFT City IFSC. Consolidating powers from RBI, SEBI, IRDAI, and PFRDA, the Fund Management Regulations, 2022 aim to streamline fund operations and investor protection.
Key Highlights:
- FME Registration: Entities must register with IFSCA to manage funds.
- FME Categories:
- Authorised FMEs: For accredited investors, VC, and family funds.
- Registered FMEs (Retail): For public schemes, ETFs, REITs, and InvITs.
- Governance Requirements: Compliance Officers, risk policies, infrastructure standards.
- Investor Protection: NAV disclosures (daily to annual), risk transparency, and reporting obligations.
