IFSCA Issues Stewardship Code for Fund Managers and Investors in IFSC

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IFSCA Stewardship Code Framework

Circular F. No. IFSCA-AIF/132/2024-Capital Markets, Dated: 23.10.2025

The International Financial Services Centres Authority (IFSCA) has released a Framework on Stewardship Code applicable to fund management entities and institutional investors operating in the International Financial Services Centre (IFSC). The framework aims to strengthen investor protection and corporate governance standards within the IFSC ecosystem.

1. Objective of the Framework

The Stewardship Code seeks to ensure that entities managing or investing funds on behalf of clients act responsibly and transparently in the interests of their investors and the market. It encourages a long-term, sustainable approach to investment decision-making and engagement with investee companies.

2. Key Provisions

  • Adoption of Stewardship Code –All regulated entities undertaking investment activities in the IFSC are encouraged to adopt a Stewardship Code that aligns with globally accepted principles and best practices.
  • Disclosure Requirements – Entities adopting the Code must disclose their stewardship framework and implementation details to both the IFSCA and their investors, ensuring transparency and accountability.

3. Expected Impact

This framework is expected to:

  • Promote responsible ownership and active engagement by institutional investors.
  • Strengthen corporate governance practices across investee companies.
  • Align IFSC’s investment environment with international stewardship and governance standards.
Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied