FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025
Scheme Annual Report

Regulation 134

Scheme Annual Report

IFSCA (Fund Management) Regulations, 2025Amended in 2026Chapter VIII · General Obligations and Responsibilities

Chapter VIII · General Obligations and Responsibilities

Regulation 134 – Scheme Annual Report
Amended 2026 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

FMEs must prepare a Annual Report (with abridged summary) for each FY; as amended, the submission-to-Authority and investor-disclosure timelines are both extended from 4 months to 6 months after FY-end.

In plain English
Within 6 months of FY end (was 4 months)
Scheme Annual Report
2

The rule, in its own words

Read the exact text of Regulation 134
134. (1) FME shall prepare an annual report of accounts of the schemes and abridged summary thereof, in respect of each financial year and shall submit the same to the Authority not later than 50[six (6)] months from the end of financial year. (2) The annual report and abridged summary shall contain details that are necessary for the purpose of providing a true and fair view of the operations of the scheme. (3) An abridged summary of the annual report of the scheme shall be shared with the investors within 51[six (6)] months from the end of the financial year: Provided that if an investor seeks the full annual report, the FME shall provide the same within fifteen (15) days from the date of the receipt of such request.
Statutory text — Principal Regulations, 2025, consolidated as amended up to 10 September 2026 (including the Second Amendment, 2026). 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.

(3) An abridged summary of the annual report of the scheme shall be shared with the investors within 51[six (6)] months from the end of the financial year: Provided that if an investor seeks the full annual report, the FME shall provide the same within fifteen (15) days from the date of the receipt of such request.
4

What this means in practice

Practical effect
The reporting calendar is one of the most-tested obligations; the timeline moved to six months, so update your internal deadlines rather than carrying forward four.
Compliance actions
Applies to
All FMEs, all schemes
Frequency
Annual
Timing
Within 6 months of financial year end
Evidence
Scheme Annual Report and abridged summary; Submission and investor-disclosure timestamps
5

What changed in 2026

Scheme Annual Report filing timeline extended from "four" months to "six (6)" months after financial year end.

Practical effect
FMEs get two additional months to prepare and submit the Scheme Annual Report to the Authority.
What to do
Update the annual compliance calendar: Scheme Annual Report now due within 6 months of FY end (was 4 months).

Timeline for providing the Scheme Annual Report / abridged summary to investors also extended from "four" to "six (6)" months after financial year end.

Practical effect
Same two-month extension applied to the investor-facing timeline.
What to do
Update investor communication calendar to the 6-month timeline.
6

The numbers that matter

RequirementThresholdOn crossing
Scheme Annual ReportWithin 6 months of FY end (was 4 months)Submit to Authority and disclose to investors
7

Where it connects

Referred to by

Read alongside

8

Check yourself

Quiz Centre

Test yourself on Regulation 134

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

Under the Second Amendment, within how long after financial year end must the Scheme Annual Report be submitted?
9

Your notes

→ Next
Prashant Kumar

Work with Prashant Kumar

A question on Regulation 134 for your FME?

Scheme Annual Report: get advice on how it applies to your structure, scheme or filing.

›
Ongoing obligations & governance
Regulation 134 Chapter VIII Amended 2026 High · about 3 min