Fund management entity governance requires IFSC-based principal officers, compliance oversight, and additional fund managers under specified operational triggers. Fund Management Entities must designate an IFSC-based principal officer responsible for overall fund management, risk management and compliance. ... Summary
Fund management entity governance requires IFSC-based principal officers, compliance oversight, and additional fund managers under specified operational triggers.
Fund Management Entities must designate an IFSC-based principal officer responsible for overall fund management, risk management and compliance. Registered FMEs require a compliance officer, while Registered FMEs (Retail) must appoint an additional fund-management key managerial person before filing the first retail scheme or ETF offer document. FMEs crossing the prescribed assets-under-management threshold must appoint an additional fund-management key managerial person, subject to specified continuation and government-related investor exceptions. Principal officers and key managerial personnel must meet prescribed qualification and experience standards, and staffing, certification, portfolio proposal, and appointment-change requirements apply.
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