Adherence to the Fit and Proper criteria and other responsibilities
Regulation 89
Adherence to the Fit and Proper criteria and other responsibilities
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VI · Other Fund Management Activities
Chapter VI · Other Fund Management Activities
Regulation 89 – Adherence to the Fit and Proper criteria and other responsibilities
High importance about 3 min
Investment Trusts — REITs & InvITs: Setting up and running listed and unlisted Investment Trusts, from sponsor to distribution.
1
In plain English
Registration is granted only if the Investment and all parties are fit and proper. The parties must perform the roles and responsibilities set out in the Fourth Schedule.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 89
89. (1) The registration shall be granted only if the Investment Trust and parties to the Investment Trust are fit and proper persons as specified under these regulations.
(2) The Parties to an Investment Trust shall perform their roles and discharge their responsibilities as specified in the Fourth Schedule.
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
- Investment Trust (all parties)
- Frequency
- At registration and ongoing
- Evidence
- Fit-and-proper declarations; Role allocation matrix
4
Where it connects
Refers to / depends on
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 89
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
The roles and responsibilities of Investment Trust parties are set out in which schedule?
6
Your notes
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Investment Trusts — REITs & InvITs