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The International Financial Services Centres Authority specifies reporting norms for Fund Management Entities in International Financial Services Centres. Fund Management Entities must submit half-yearly reports to the Authority by email. Each report includes quantitative information in an editable excel file and a signed Compliance Report as a scanned PDF file. The first report covers the period from October 01, 2022 to March 31, 2023. Subsequent reports are due within 21 calendar days from the end of each half-year period. Fund Management Entities must obtain the latest reporting formats from the website of the Authority before each submission.
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[Image omitted. See the official document.]
CIRCULAR
F. No. 970/IFSCA/FME Supervision/2023-24
May 31, 2023
To,
All Fund Management Entities in International Financial Services Centres (IFSCs)
Dear Sir / Madam,
Sub: Reporting Norms for Fund Management Entities under IFSCA (Fund Management) Regulations, 2022
In exercise of the powers conferred under Section 12 and 13 of the International Financial Services Centres Authority Act, 2019, read with Regulation 120 of the IFSCA (Fund Management) Regulations, 2022, the International Financial Services Centres Authority (Authority) hereby specifies the reporting norms for Fund Management Entities (FMEs) in IFSCs as under:
FMEs shall submit information to the Authority in the prescribed formats (provided at https://ifsca.gov.in/Downloadfile/Index) on half-yearly basis.
The half-yearly report to the Authority shall include
For example, the report for the half-year period from April 01, 2023 to September 30, 2023 shall be submitted not later than October 21, 2023.
The reports shall be submitted to the Authority by way of an email. A dedicated email id created for this purpose is mentioned in the reporting formats.
The Authority will continue to monitor the fund management industry in IFSC and may supplement / update the reporting formats, if so required. Accordingly, at the end of each half-year period, the FMEs shall access the latest reporting formats from the IFSCA website under the “Downloads” section (https://ifsca.gov.in/Downloadfile/Index).
A copy of this circular is available on the website of International Financial Services Centres Authority at www.ifsca.gov.in.
Yours faithfully
Sd/-
Pavan Shah Deputy General Manager Division of Investment Funds – I and New Products & Services Capital Markets Department Email: pavan.shah@ifsca.gov.in Tel: +91-79-61809844
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