Disclosures
Regulation 74
Disclosures
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 74 – Disclosures
High importance about 3 min
Portfolio Management Services: Running PMS — agreements, reporting, investment restrictions and advisory services.
1
In plain English
Before entering a PMS agreement, the FME must give the client a disclosure document (also posted on its website) covering services, risks, client representation and financial performance.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 74
74. (1) The FME shall provide a disclosure document to the client, prior to entering into a portfolio management agreement with the client.
(2) The FME shall ensure that a copy of disclosure document is available on its website.
(3) The disclosure document referred to in sub-regulation (1) shall inter-alia contain details pertaining to the services offered, risk factors, client representation, financial performance, performance of portfolio manager, auditor observations, nature of expenses, taxation, investor grievance redressal mechanism and litigations by the regulatory authorities against the portfolio manager and its principal officers, directors/ partners/ designated partners and key managerial personnel.
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
- FME offering PMS
- Frequency
- Before each PMS agreement
- Evidence
- Disclosure document; Website publication record
4
Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 74
4 questions in the unified bank test this regulation. Each explains every option and cites the provision.
Before a PMS agreement, the FME must give the client a disclosure document (also posted on its website).
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Your notes
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