Terms and conditions of registration
Regulation 13
Terms and conditions of registration
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter II · Registration of Fund Management Entity (FME)
Chapter II · Registration of Fund Management Entity (FME)
Regulation 13 – Terms and conditions of registration
High importance about 3 min
Becoming an FME: Registration categories, legal form, track record, key personnel, net worth and fit-and-proper.
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In plain English
Registration is conditional on continuing compliance with the regulations and circulars, and the FME must proactively inform of any material change to previously furnished information affecting its registration.
In plain English
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The rule, in its own words
Read the exact text of Regulation 13
13. (1) The registration granted to a FME, shall be subject to the following terms and conditions:-
(a) the FME, its CEO / Directors / Designated Partners, Principal officer / KMPs shall comply with the provisions of these regulations and circulars issued thereunder; and
(b) the FME shall forthwith inform the Authority, of any material change in the information or particulars previously furnished, which have a bearing on the registration granted by the Authority.
(2) The FME which has been granted certificate of registration under a particular category cannot change its category, except with the prior approval of the Authority.
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.
(1) The registration granted to a FME, shall be subject to the following terms and conditions:-
(2) The FME which has been granted certificate of registration under a particular category cannot change its category, except with the prior approval of the Authority
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What this means in practice
Practical effect
Most enforcement starts with a missed notification. If a material particular changes and IFSCA hears it from someone else first, that is the problem.Compliance actions
- Applies to
- All FME categories
- Frequency
- Event-driven
- Trigger
- Any material change in previously furnished information
- Evidence
- Change notification filings; Internal materiality assessment records
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 13
6 questions in the unified bank test this regulation. Each explains every option and cites the provision.
An FME must proactively inform IFSCA of any material change to the particulars on which registration was granted.
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Your notes
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