Unraveling Client Business Limitations and Leadership Changes in an IIIO International Insurance Intermediary Office (IIIO) regulations encompass a broad range of areas – from financial accountability to leadership structure. Among these, two important areas that frequently raise questions are the limits of business related to a single client and regulations for a change in leadership. Limit on Business from Single Client One crucial aspect of the IIIO, as specified under sub-regulation (1) of Regulation 22 […]

Recalibrating the General Obligations and Responsibilities of a Fund Management Entity (FME) The detailed operational procedures of a Fund Management Entity (FME) might include the minima duration for preserving their records, procedures for ensuring guaranteed returns, compliance rules when control changes, conditions necessary for merging schemes, obligations when providing investor information, and restrictions on other business activities. With the aim to effectively communicate to our target audience, we have undertaken a deep dive into each […]

Angel Funds Detailed Guide | Entering the World of Angel Funds Fund Management Entities (FMEs), be it an Authorised FME, Registered FME (Non-Retail), or Registered FME (Retail), possess the ability to launch an Angel Fund or an Angel Scheme. In the diverse landscape of investment strategies, Angel Funds forge an essential path towards wealth generation and financial stability. Defining the Angel Investor Angel Fund investments accept commitments from Angel Investors. These investors are defined by […]

Unveiling Financial Statement and Accounting Standards for an IIIO Operating as an International Insurance Intermediary Office (IIIO) comes with its own unique set of rules and regulations. Among these, a critical component relates to financial statements and accounting standards—an important requirement for financial transparency and accountability. The Essential Financial Statements To maintain clarity and ensure consistent Financial Planning, every IIIO is required to prepare the following financial statements for every fiscal year: Year-end Balance Sheet […]

SEBI Approach to Enabling Full-Fledged Short Selling SEBI has been cautiously approaching the regulation of short selling within Indian financial markets. While the board has commenced some initial actions, it seems that SEBI has only taken modest steps towards allowing full-fledged short selling operations. However, this process’s complexity necessitates deliberate, incremental implementation to mitigate potential risks associated with short selling. Permissive Approach and Regulatory Directives on Short Selling In an aid to stimulate the growth […]