IFSCA (Fund Management) Regulations, 2022
SupersededThe first dedicated fund-management framework for GIFT IFSC, later repealed by the 2025 regulations.
Regulations touched:Reg 148
How the framework evolved
The regulatory position for GIFT IFSC fund management, from the first framework to the current amended text. Only events supported by the source material are shown.
- 2022
IFSCA (Fund Management) Regulations, 2022
The first dedicated fund-management framework for GIFT IFSC, later repealed by the 2025 regulations.Superseded - 2025
IFSCA (Fund Management) Regulations, 2025
The current principal regulations. On commencement they repealed the 2022 regulations and superseded two 2024 circulars, with savings for prior actions.Principal - Jan 2026
Principal regulations amended (to 30 January 2026)
The base text now in force reflects amendments up to 30 January 2026 — including the custodian transition window and the additional winding-up grounds.Amendment - Sep 2026
Second Amendment Regulations, 2026
IFSCA/GN/2026/015, in force 7 September 2026. Restructured the FME contribution formulae, redefined 'associate', extended the annual-report timeline, updated the PMS advisory cross-reference to the 2025 CMI Regulations, and added new contribution exemptions.Latest
This is a learning and compliance-preparation tool. Plain-English readings, practical notes, 'what changed' summaries, the timeline and calculators are the portal's interpretation and do not replace professional advice or the notified Gazette text of the IFSCA (Fund Management) Regulations, 2025 and its amendments.
GIFT IFSC · Regulatory timeline
How the framework evolved
From the 2022 Regulations to the current amended text
The regulatory position for GIFT IFSC fund management, step by step. Only events supported by the source documents are shown, and each one links to the regulations it touched.
At a glance
- 2022Superseded
- 2025Principal
- Jan 2026Amendment
- Sep 2026Latest
Current position: the 2025 Regulations as amended, including the Second Amendment, 2026.
- 2022
- 2025
IFSCA (Fund Management) Regulations, 2025
PrincipalThe current principal regulations. On commencement they repealed the 2022 regulations and superseded two 2024 circulars, with savings for prior actions.
- Jan 2026
Principal regulations amended (to 30 January 2026)
AmendmentThe base text now in force reflects amendments up to 30 January 2026 — including the custodian transition window and the additional winding-up grounds.
- Sep 2026
Second Amendment Regulations, 2026
LatestIFSCA/GN/2026/015, in force 7 September 2026. Restructured the FME contribution formulae, redefined 'associate', extended the annual-report timeline, updated the PMS advisory cross-reference to the 2025 CMI Regulations, and added new contribution exemptions.
This is a learning and compliance-preparation tool. Plain-English readings, practical notes, 'what changed' summaries, the timeline and calculators are the portal's interpretation and do not replace professional advice or the notified Gazette text of the IFSCA (Fund Management) Regulations, 2025 and its amendments.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
13+ years of experienceFCS Fellow member, ICSIAuthor Audit Under Fire
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.