Trustee
Regulation 88
Trustee
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 88 – Trustee
High importance about 3 min
Investment Trusts — REITs & InvITs: Setting up and running listed and unlisted Investment Trusts, from sponsor to distribution.
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In plain English
The trustee must be authorised/registered as a trustee with the Authority or another securities regulator, must not be an of the sponsor or investment manager, and must have the necessary infrastructure and personnel.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 88
88. The following are the eligibility conditions for a trustee of an Investment Trust:
(a) The entity shall be authorised / registered as a trustee with the Authority or any other securities market regulator and shall not be an associate of the sponsor(s) or investment manager;
(b) The trustee has necessary wherewithal with respect to infrastructure, personnel, etc. to the satisfaction of the Authority and the recognised stock exchange(s).
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
- Investment Trust (Trustee)
- Frequency
- At appointment
- Evidence
- Trustee registration and independence confirmation
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Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 88
3 questions in the unified bank test this regulation. Each explains every option and cites the provision.
The Investment Trust trustee must:
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Your notes
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Investment Trusts — REITs & InvITs