International Financial Services Centers Authority (Authority) on 31^st May, 2023 has specified that the reporting norms for Fund Management Entities (FMEs) in IFSCs shall be as under:

1. Submission of information to authorities in the prescribed format on half yearly basis (https://ifsca.gov.in/Downloadfile/Index).
2. Report shall include quantitative information about fund management and a signed copy of ‘compliance report’ as a scanned pdf.
3. First report under this circular shall be submitted by June 21, 2023 the subsequent reports for each half-year period shall be submitted within 21 calendar days from the end of the half-year.
4. The reports shall be submitted to the Authority by way of an email.
5. The Authority will continue to monitor the fund management industry in IFSC and may supplement/update the reporting formats.

The post Reporting Norms for Fund Management Entities under IFSCA (Fund Management) first appeared on Legality Simplified.