Retail FME — when the fund management KMP must be in place
Scenario 20 of 28 · Reg 7
A newly registered FME (Retail) has a principal officer and a compliance officer. It plans to file the offer document for its first retail scheme next month and hire a fund manager after the scheme is launched.
When must the additional fund management KMP be appointed?
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.