FAQ 23, 48, 67Overtaken by the Second Amendment
Parking money pending deployment
Certificates of deposit were removed from the list of permitted parking instruments for VC, restricted and retail schemes.
FAQ tracker
IFSCA's FAQs on the FM Regulations were last updated on 30 June 2026. These answers no longer match the text as amended on 10 September 2026; where they differ, the Regulations prevail.
FAQ 26, 54, 71Overtaken by the Second Amendment
Valuation carve-out
The carve-out from separate independent valuation now covers any scheme investing in regulated, independently valued schemes, not only funds of funds.
FAQ 28, 57Overtaken by the Second Amendment
FME contribution formula
Contribution is now the lower of a percentage and a fixed amount ('whichever is lower'), not tiered bands on the targeted corpus.
FAQ 29, 58, 74Overtaken by the Second Amendment
Exemptions from FME contribution
New exemptions cover index schemes and funds of funds investing in passive ETFs, with conditions for other funds of funds.
FAQ 91Overtaken by the Second Amendment
ESG threshold
FME-level ESG obligations apply above USD 3 billion of AUM, now excluding fund of funds AUM.
FAQ 119Overtaken by the Second Amendment
Sponsor lock-in
The sponsor lock-in detail sits in the Fourth Schedule, Part D(c), not Chapter VII.