The International Financial Services Centres (IFSCA) on April 01, 2026, issued the notification regarding the Amendment to Circular on Appointment and Change of Key Managerial Personnel (KMP) by a Fund Management Entity (FME).
The following has been stated namely: -
• Reference is drawn to the IFSCA circular dated February 20, 2025, titled "Appointment and Change of Key Managerial Personnel by a Fund Management Entity." (‘KMP Circular’)
• It has been decided that Paragraph 4 of the aforementioned KMP Circular, shall stand omitted.
• All other provisions and conditions specified in the KMP Circular, shall remain in effect.
[Notification No. IFSCA/13/2026-Capital Markets/1]
