IFSCA on January 27, 2026, notified the IFSCA (Fund Management) (Amendment) Regulations, 2026, introducing: (i) revised experience requirements for Key Managerial Personnel (KMP), with reduced thresholds for individuals holding valid certifications specified by IFSCA; (ii) option for FMEs to extend validity of Private Placement Memorandum (‘PPM’) by six months upon payment of 25% of the applicable scheme filing fee for the first extension and 50% for subsequent extensions; (iii) requirement for open-ended schemes to achieve minimum corpus of USD three million before investing in unlisted securities; (iv) additional grounds for winding up of schemes; and (v) extended timeline of 24 months for appointment of custodian in IFSC.
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