Third-party fund management eligibility requires incorporation, resources, experienced personnel and fit-and-proper status, irrespective of parent fund management activity. Third-party fund management services may be provided by an FME only to a third-party fund manager incorporated in India, an IFSC or a foreign ... Summary
Third-party fund management eligibility requires incorporation, resources, experienced personnel and fit-and-proper status, irrespective of parent fund management activity.
Third-party fund management services may be provided by an FME only to a third-party fund manager incorporated in India, an IFSC or a foreign jurisdiction, with adequate resources and experienced responsible persons. The third-party and its relevant officers, directors, partners, designated partners, key managerial personnel and controlling shareholders must satisfy fit-and-proper requirements. Eligibility is not affected merely because its ultimate or interim parent entity is not engaged in fund management activities.
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