Business Continuity Plan
Regulation 121
Business Continuity Plan
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VIII · General Obligations and Responsibilities
Chapter VIII · General Obligations and Responsibilities
Regulation 121 – Business Continuity Plan
Medium importance about 3 min
Ongoing obligations & governance: Conduct, reporting, risk, custody, change in control and the day-to-day compliance load.
1
In plain English
A must maintain a business continuity plan for emergencies and significant disruption, update it on any material change, and review it annually.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 121
121. (1) A registered FME shall maintain a business continuity plan identifying procedures relating to an emergency or significant business disruption.
(2) A registered FME shall update its business continuity plan in the event of any material change in its operations, structure, business, or location.
(3) A registered FME shall conduct an annual review of its business continuity plan.
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.
3
What this means in practice
Compliance actions
- Applies to
- Registered FME
- Frequency
- Annual review; update on change
- Evidence
- BCP document and annual review records
4
Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 121
3 questions in the unified bank test this regulation. Each explains every option and cites the provision.
How often must a registered FME review its business continuity plan?
6
Your notes
→ Next
Work with Prashant Kumar
A question on Regulation 121 for your FME?
Business Continuity Plan: get advice on how it applies to your structure, scheme or filing.
›
Ongoing obligations & governance