Borrowing
Regulation 59
Borrowing
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter III · Schemes for Fund Management
Chapter III · Schemes for Fund Management
Regulation 59 – Borrowing
Medium importance about 3 min
Special Situation Funds: Distressed-asset funds — what they can hold, how they are structured and their limits.
1
In plain English
An SSF cannot borrow or leverage except to meet day-to-day operational requirements.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 59
59. A special situation fund shall not borrow or engage in any leveraging activities other than to meet day-to-day operational requirements.
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
- Special Situation Fund
- Frequency
- Event-driven
- Evidence
- Borrowing records with purpose
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Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 59
3 questions in the unified bank test this regulation. Each explains every option and cites the provision.
An SSF may borrow only for what?
6
Your notes
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Special Situation Funds