Fiduciary appointment requirements govern scheme launches, requiring fit-and-proper fiduciaries and prior approval for retail scheme appointments. A Fund Management Entity may launch schemes but must appoint fiduciaries before filing the scheme document. The required fiduciaries are directors for a ... Summary
International Financial Services Centres Authority (Fund Management) Regulations, 2025
Fiduciary appointment requirements govern scheme launches, requiring fit-and-proper fiduciaries and prior approval for retail scheme appointments.
A Fund Management Entity may launch schemes but must appoint fiduciaries before filing the scheme document. The required fiduciaries are directors for a company, designated partners for a limited liability partnership, and trustees for a trust. Every fiduciary must meet fit and proper requirements. Appointment of a fiduciary for a retail scheme requires prior approval, and all fiduciaries must comply with the applicable Code of Conduct and obligations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.