FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025
Change in control

Regulation 125

Change in control

IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VIII · General Obligations and Responsibilities

Chapter VIII · General Obligations and Responsibilities

Regulation 125 – Change in control
High 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 FME must obtain the Authority's prior approval for any direct or indirect change in its ; a branch that must take prior approval from its home sectoral regulator only informs the Authority within 15 days. The Authority may impose conditions, including an investor exit opportunity.

In plain English
2

The rule, in its own words

Read the exact text of Regulation 125
125. (1) A FME shall seek prior approval of the Authority in case of any direct or indirect change in control of the FME: Provided that where a FME operating in the form of branch is required to take prior approval from its sectoral regulator in its principal place of operation, it shall only inform such change to the Authority, within fifteen (15) days thereof. (2) The Authority may consider such request for change in control subject to such conditions, as deemed appropriate including offering exit opportunity to investors.
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

Exceptions and conditions

Taken from the wording of this provision — the carve-outs and conditions worth reading closely.

Provided that where a FME operating in the form of branch is required to take prior approval from its sectoral regulator in its principal place of operation, it shall only inform such change to the Authority, within fifteen (15) days thereof
(2) The Authority may consider such request for change in control subject to such conditions, as deemed appropriate including offering exit opportunity to investors
4

What this means in practice

Compliance actions
Applies to
All FME categories
Frequency
Event-driven
Timing
Prior approval (or 15-day intimation for branches)
Evidence
Change-in-control application/approval; Branch intimation
5

Where it connects

Read alongside

6

Check yourself

Quiz Centre

Test yourself on Regulation 125

6 questions in the unified bank test this regulation. Each explains every option and cites the provision.

What must an FME do before any direct or indirect change in its control?
7

Your notes

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Ongoing obligations & governance
Regulation 125 Chapter VIII High · about 3 min