Fund management definitions clarify scheme categories, associate relationships, control, compliance responsibilities, investor eligibility and foreign jurisdiction safeguards.

Regulation 2 supplies the core definitional framework for IFSC fund management, covering FMEs, investors, schemes, offering documents, compliance personnel, control, associates and foreign jurisdictions. It differentiates retail, restricted, venture capital, family investment, fund-of-funds, index, sectoral and thematic schemes. Associate status is determined by prescribed direct economic interests held in or through an FME, while a fiduciary is excluded unless it has direct economic interest or control. Foreign jurisdictions require recognised regulatory-cooperation status and cannot fall within specified anti-money-laundering or counter-terrorist-financing deficiency categories.

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