Listing of close ended scheme
Regulation 109
Listing of close ended scheme
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VII · Listing
Chapter VII · Listing
Regulation 109 – Listing of close ended scheme
Medium importance about 3 min
Listing: Listing schemes, ETFs and Investment Trusts, and suspension or delisting.
1
In plain English
An FME may list close-ended schemes; a close-ended ">retail scheme with a minimum investment below USD 10,000 must be listed on at least one .
In plain English
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The rule, in its own words
Read the exact text of Regulation 109
109. The FMEs may list its close ended schemes on recognised stock exchanges:
Provided that a close-ended retail scheme in which the minimum amount of investment by an investor is less than USD 10,000 shall be mandatorily listed on at least one of the recognised stock exchanges.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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Exceptions and conditions
Taken from the wording of this provision — the carve-outs and conditions worth reading closely.
Provided that a close-ended retail scheme in which the minimum amount of investment by an investor is less than USD 10,000 shall be mandatorily listed on at least one of the recognised stock exchanges
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What this means in practice
Compliance actions
- Applies to
- Retail scheme (close-ended)
- Frequency
- At launch
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Where it connects
Read alongside
6
Check yourself
Quiz Centre
Test yourself on Regulation 109
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
A close-ended retail scheme must be listed if its minimum investment is below what amount?
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Your notes
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