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ARTICLE · 15 APRIL 2025

Regulatory Updates: IFSCA (Fund Management) Regulations, 2025

S&R Associates
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Fund management activities in GIFT International Financial Services Centre ("GIFT-IFSC") are regulated by the International Financial Services Centres Authority ("IFSCA").

IndiaFinance and Banking
Swapneil Akut
Swapneil Akut
Abhishek Singh
Abhishek Singh

Overview

Fund management activities in GIFT International Financial Services Centre ("GIFT-IFSC") are regulated by the International Financial Services Centres Authority ("IFSCA"). To facilitate various fund management activities, IFSCA notified the IFSCA (Fund Management) Regulations, 2022 ("FM Regulations") in April 2022, which came into effect in May 2022. These regulations unified fund management activities under a single regulatory framework, enabling engagement with a single financial regulator.

Growth of GIFT-IFSC Fund Management Industry

The GIFT-IFSC fund management industry has experienced growth in recent years. According to statistics available on the IFSCA website, as of September 30, 2024, there are:

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This insight/article is intended only as a general discussion of issues and is not intended for any solicitation of work. It should not be regarded as legal advice and no legal or business decision should be based on its content.

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