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The International Financial Services Centres Authority (IFSCA) has expanded the list of approved certification courses for employees of Fund Management Entities operating in the IFSC. Under the IFSCA (Fund Management) Regulations, 2025, employees are required to complete a specified certification. In addition to the previously approved course offered by the Institute of Company Secretaries of India, the Authority has now specified the certificate course titled “Regulatory Framework for Fund Management in IFSC” offered by the Institute of Chartered Accountants of India. Successful completion of either of these two courses satisfies the regulatory requirement. This update is effective immediately, and all other provisions from the previous circular dated April 01, 2026, remain unchanged.
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CIRCULAR
F. No. IFSCA-PLNP/80/2024-Capital Markets/10082026
August 10, 2026
To,
All Fund Management Entities in the International Financial Services Centres (IFSCs)
Dear Sir / Madam,
Subject: Specification of Certification Course for the employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025
Reference is drawn to sub-regulation (6) of regulation 7 of the International Financial Services Centres Authority (Fund Management) Regulations, 2025 ("FM Regulations"), which empowers the Authority to specify certification courses for the employees of Fund Management Entities in the IFSC.
IFSCA had earlier, vide a Circular dated April 01, 2026, specified the certificate course titled "Regulatory Framework for Fund Management in IFSC: AIFs and Retail Schemes" offered by the Institute of Company Secretaries of India for the purpose of the aforesaid provision.
In addition to the above, it has been decided to specify a certificate course titled “Regulatory Framework for Fund Management in IFSC” offered by the Institute of Chartered Accountants of India under sub-regulation (6) of regulation 7 of the FM Regulations.
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[Image omitted. See the official document.]
Accordingly, for the purpose of compliance with sub-regulation (6) of regulation 7 of the FM Regulations, successful completion of anyone of the certificate courses referred to in paragraph 2 or 3 above shall be deemed sufficient.
All the other provisions of the Circular dated April 01, 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,
Sd/-
Aditya Sarda Deputy General Manager Division of Funds Regulation (Policy & Regulation) Department of Capital Markets Email: aditya.sarda@ifsca.gov.in
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