Inspections of Fund Management Entities require the FME and its associated officers, personnel and agents to cooperate fully, furnish books of account, records, documents, statements and activity-related information within the specified time, and permit reasonable access to premises. Relevant copies and examination facilities must be provided. The Inspecting Authority may examine or record statements of specified associated persons, each of whom must provide the assistance required for the inspection.

Regulation 138 permits the Authority to appoint Inspecting Authorities to inspect an FME or associated entity's records, infrastructure, procedures and systems, or investigate scheme and regulated activities. Inspection may verify recordkeeping, regulatory compliance, internal controls, fitness and eligibility, and complaints or matters affecting investors and the IFSC financial market. Prior notice is generally required, but may be waived in the interests of investors where written reasons are recorded.

Bilateral economic and industrial cooperation prioritises diversification beyond energy trade, expanded non-energy exports, reciprocal investment, currency settlement mechanisms and transport connectivity. Priority sectors include pharmaceuticals, engineering goods, chemicals, textiles, food products, marine products, auto components and tractors. A bilateral investment treaty is intended to provide investor legal certainty, while free-trade negotiations with the Eurasian Economic Union are intended to widen market access. Businesses and officials are expected to address barriers involving payments, certification, standards, logistics, visa access and approvals, and to promote manufacturing collaboration through investment-ready industrial corridors.

An FME may undertake only specified business activities unless it obtains prior approval of the Authority. A branch FME in an IFSC must report relevant sectoral-regulator approvals for activities outside the IFSC within fifteen days. Prior intimation, with office details, is required before opening an overseas branch or representative office for marketing offerings or client service.

Investor disclosure obligations require the FME to provide information on investors' scheme holdings at each month-end and within ten working days of an investor's request. Fiduciaries must disclose information essential to keep investors informed where it may adversely affect their investments. These requirements establish periodic and request-based holding information.

Every scheme launched by an FME must have its annual statement of accounts audited by an auditor independent of the FME. Fiduciaries appoint the auditor, receive the audit report, and ensure that the report forms part of the scheme's Annual Report.

Regulation 134 requires a Fund Management Entity to prepare an annual report of accounts and abridged summary for each scheme and submit both within four months after the financial year ends. The reports must contain sufficient details to provide a true and fair view of scheme operations. Investors must receive the abridged summary within the same period, while a requested full annual report must be supplied within fifteen days.

Redemption of close-ended schemes requires full redemption at the end of the maturity period unless the scheme's tenure has been extended in accordance with the applicable regulations.

Intra-BRICS trade cooperation prioritises wider market access, diversified supply chains, simplified regulatory procedures and faster consignment clearance. Cooperation is proposed across agriculture, services, manufacturing, startups and emerging technologies, including professional mobility and recognition of qualifications. Payment-system linkages, local-currency trade, digital public infrastructure, artificial intelligence, fintech, data centres and semiconductors are identified as areas for collaboration. Trade facilitation, digital documentation, MSME support, business partnerships and stronger global value chains are intended to support economic integration.

Fund management entities must appoint independent custodians for retail schemes, open-ended restricted schemes, and schemes managing assets above USD 70 million, subject to an exemption for fund-of-funds schemes whose underlying schemes have independent custodians. Custodians must generally be IFSC-based, although a regulated foreign custodian may be appointed where local issuance laws require it. Existing non-IFSC custodian arrangements must be transitioned to an IFSC-based custodian within twelve months of notification.

GST refund functions under Section 54 are assigned to all Assistant Commissioners and GST Officers posted in any ward within the jurisdiction of their respective zones in the National Capital Territory of Delhi. These officers are designated to perform the functions of a Proper Officer for refund administration. The assignment continues the earlier functional arrangement while partially modifying the territorial-jurisdiction arrangement.

Bankers' Books Evidence Act, 2026 modernises the evidentiary framework for banking records and replaces the earlier legislation. It recognises records maintained in physical, electronic, digital, virtual, cloud-based, and other contemporary forms. Certification is simplified and standardised, including through manual, digital, or electronic signatures. Summoning a bank official where the bank is not a party requires special cause recorded in writing by the court. The framework may be extended to specified financial-sector entities or classes of entities.

Scheme winding up may occur on expiry of the tenure specified in the placement memorandum or offer document, or where investors holding seventy-five per cent of the scheme's investment value approve winding up through a resolution at an investors' meeting. The Authority may also direct a fund management entity to wind up a scheme, merge specified schemes, or manage schemes of another fund management entity in the interests of investors and orderly financial-market development.

Merger, demerger, or restructuring of schemes requires prior approval of the Authority and compliance with conditions specified by the Authority.

A Fund Management Entity may, at its discretion, constitute an Investment Committee to make investment decisions for its schemes. Members of the Investment Committee must, to the extent applicable, comply with all responsibilities imposed on the Fund Management Entity and Fund Managers under the governing regulations.

Fees and expenses must be clearly identified and appropriated separately for each scheme. The FME must disclose in the offer document or placement memorandum the maximum fees and expenses it may charge, with every expense shown separately as a specific line item.

Regulation 127 requires any advertisements issued by an FME to conform to the Advertisement Code prescribed in the Fifth Schedule to the International Financial Services Centres Authority (Fund Management) Regulations, 2025. The requirement establishes compliance with that Code as the governing standard for advertising by an FME and links advertising activity to the scheduled compliance framework.

A Fund Management Entity must pay annual fees, scheme filing fees, and any other fees specified by the Authority from time to time under the International Financial Services Centres Authority (Fund Management) Regulations, 2025.

Direct or indirect change in control of a Fund Management Entity requires prior approval. A branch Fund Management Entity need only inform the Authority within fifteen days where prior approval is required from its sectoral regulator at its principal place of operation. Approval may be subject to appropriate conditions, including an opportunity for investors to exit.

Guaranteed returns in a scheme or under a portfolio management services agreement are prohibited unless the fund management entity fully guarantees them. The offer document or agreement must disclose the guarantee, its details, and the manner in which it will be fulfilled.