Actively Managed ETFs
Regulation 67
Actively Managed ETFs
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter IV · Exchange Traded Funds (ETFs)
Chapter IV · Exchange Traded Funds (ETFs)
Regulation 67 – Actively Managed ETFs
Medium importance about 3 min
Exchange Traded Funds: Index, debt, commodity and actively-managed ETFs, and how ETF units trade and redeem.
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In plain English
An Actively Managed ETF is one where the FME exercises discretion over the . It must state in its and advertising that it is actively managed and how it will meet its objectives, and the draft offer document must be filed with both the listing stock exchange and the Authority.
In plain English
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The rule, in its own words
Read the exact text of Regulation 67
67. (1) Actively managed ETFs are such ETFs in which the FME has discretion over the composition of portfolio, in accordance with the stated investment objectives and policies.
(2) An actively managed ETF shall disclose in its offer document and in all advertising material that it is an actively managed ETF, and shall disclose how it will meet the stated investment objectives including, where applicable, its intention to outperform an index.
(3) Draft offer document for Actively Managed ETFs shall be filed with the recognised stock exchange(s) where such ETF is intended to be listed and also with 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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What this means in practice
Compliance actions
- Applies to
- ETF (Actively Managed)
- Frequency
- At launch
- Evidence
- Offer document with active-management disclosure; Dual-filing records
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 67
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
An Actively Managed ETF must file its draft offer document with:
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Your notes
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Exchange Traded Funds