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The International Financial Services Centres Authority extends the deadline for Key Managerial Personnel and employees of Fund Management Entities to complete mandatory certification courses. These individuals must finish the specified courses by December 31, 2026. This extension applies to the courses defined in the circulars dated April 1, 2026, and August 10, 2026. All other requirements from the previous circulars remain in effect. The authority issues this update under the International Financial Services Centres Authority Act, 2019. The change takes effect immediately.
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[Image omitted. See the official document.]
CIRCULAR
F. No. IFSCA-AIF/127/2026-Capital Markets/1
September 29, 2026
To,
All Fund Management Entities in the International Financial Services Centres (IFSCs)
Dear Sir / Madam,
Subject: Extension of timeline for completion of Certification Course by KMPs and employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025
The timeline for successful completion of the certification course, specified in paragraph 3 of the circular dated April 1, 2026, has been extended to December 31, 2026.
All other provisions of the Circular dated April 01, 2026, and August 10, 2026, shall remain unchanged.
This circular is issued in exercise of the powers conferred under Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, read with sub-regulation (6) of regulation 7 and sub-regulation (1) of regulation 146 of the FM Regulations, and shall come into force with immediate effect.
A copy of this circular is available on the website of the International Financial Services Centres Authority at www.ifsca.gov.in.
Yours Faithfully,
Mihir Upadhyay
Chief General Manager
Division of Funds Supervision
Email: mihir.upadhyay@ifsca.gov.in
Tel : +91-079-61809845
