Multi-Family Office
Regulation 81
Multi-Family Office
IFSCA (Fund Management) Regulations, 2025Amended in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 81 – Multi-Family Office
Amended 2026 Medium importance about 3 min
Portfolio Management Services: Running PMS — agreements, reporting, investment restrictions and advisory services.
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In plain English
An FME may serve a multi-family office under a PMS agreement, subject to any additional conditions and permissible investments the Authority may specify.
In plain English
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The rule, in its own words
Read the exact text of Regulation 81
81. (1) A FME may also provide services to multi-family office under a portfolio management agreement as detailed in this Chapter. (2) The Authority may specify additional conditions, additional permissible investment, etc., for FMEs providing services to multi-family office under a portfolio management agreement. PART B: INVESTMENT TRUST
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.
Amendment history (2 notes)
Footnotes from the consolidated text. They record earlier wording and are not operative law.
- 43 Substituted by the International Financial Services Centres Authority (Fund Management) (Second Amendment) Regulations, 2026, w.e.f. September 10, 2026. Prior to the substitution, it read as- “it complies with the Regulation 43 to 50 of the IFSCA (Capital Market Intermediaries) Regulations, 2021.”
- 44 Substituted by the International Financial Services Centres Authority (Fund Management) (Second Amendment) Regulations, 2026, w.e.f. September 10, 2026. Prior to the substitution, it read as- “IFSCA (Capital Market Intermediaries) Regulations, 2021”
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What this means in practice
Compliance actions
- Applies to
- FME offering PMS (multi-family office)
- Frequency
- Per engagement
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Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 81
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
An FME may serve a multi-family office under a PMS agreement.
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Your notes
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