Additional KMP — AUM includes a fund-of-funds book
Scenario 17 of 28 · Reg 7
At 31 March, the FME manages total AUM of USD 1.1 billion. Of this, USD 150 million sits in fund of funds schemes. The FME has a principal officer and a compliance officer only.
Does the FME need to appoint an additional fund management KMP?
Choose an answer to see the verdict and the approach.
Scenarios are for learning. They apply the provision named to simplified facts. Real situations need a review of the full provision and your own facts.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
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.