About Registration Validity and Authority’s Discretion for IIIO in IFSC Understanding the nuances of the International Insurance Intermediaries Offices (IIIO) Regulations is integral for businesses operating in the International Financial Services Centre (IFSC). This guide, therefore, focuses on two critical topics – the validity of the certificate of IIIO registration, and the Authority’s right to refuse registration. Is the Certificate of Registration Granted to IIIO Perpetual? Contrary to what some might believe, the certificate of […]

Enhanced Activities for Fund Management Entities (FMEs) Registered with IFSCA Upon acquiring registration with the International Financial Services Centres Authority (IFSCA), a Fund Management Entity (FME) receives the endorsement to undertake an array of activities in addition to launching various schemes. These diversified responsibilities give them a robust and versatile entry into the world of fund management. Permissible Activities Across FME Categories Each category of FME possesses unique capabilities in terms of the permissible activities […]

Types of Schemes Available Under the Regulations and their Eligibility for Different Fund Management Entities (FMEs) Diving into the regulations, we identify a variety of schemes available. Each scheme, carefully designed and regulated, facilitates specific types of investments. Furthermore, each category of FME is eligible to launch certain schemes after due filing with the Authority. Let’s delve into the details. Array of Schemes Under the Regulations Venture Capital Schemes Falling into the ambit of these […]

Legal Forms for Establishing IIIO within IFSC: A Guide for Third-Party Administrators and Surveyor and Loss Assessors To extend services as a Third-Party Administrator or Surveyor and Loss Assessor in the International Financial Services Centre (IFSC), establishing an International Insurance Intermediary Office (IIIO) is prerequisite. This guide aims to simplify the legal landscape, elaborating on the authorized legal forms as per clause (c) and (d) of sub-regulation 5 of regulation 4 of IIIO regulations. Legally […]

The Varied Categories for Fund Management Entity (FME) Registration Regulation 3(4) lays out the categories under which an applicant can seek registration to be a Fund Management Entity (FME). These categories broadened the range of players that can participate actively in the Fund Management arena. Authorised Fund Management Entity (FME) The first category pertains to the Authorised FME, a category explicitly given permission to launch Venture Capital Schemes. This includes Angel Schemes focused on investing […]