Fund management entity key personnel requirements prescribe IFSC-based leadership, compliance oversight, and qualifications linked to operational scale. Every Fund Management Entity must designate an IFSC-based principal officer responsible for overall fund management, risk management and compliance. ... Summary
Fund management entity key personnel requirements prescribe IFSC-based leadership, compliance oversight, and qualifications linked to operational scale.
Every Fund Management Entity must designate an IFSC-based principal officer responsible for overall fund management, risk management and compliance. Registered FMEs require a compliance officer, while retail FMEs and FMEs crossing the prescribed assets-under-management threshold require an additional fund-management KMP, subject to stated exceptions. Principal officers and KMPs must meet prescribed educational, professional, experience and certification requirements. Fund portfolio proposals must be initiated from the IFSC office, staffing must be proportionate to operations, and KMP appointments and changes must follow the prescribed manner.
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