IFSCA Prescribes Additional Disclosures For Third-Party Funds

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  • Last Updated on 19 January, 2026

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IFSCA Third-Party Fund Management Disclosures

Circular No. IFSCA/AIF/218/2025-Capital Markets, Dated 16.01.2026

1. Introduction

International Financial Services Centres Authority (IFSCA) has prescribed additional disclosures and procedural requirements for scheme filings by Registered Fund Management Entities (FMEs) authorised for Third-Party Fund Management.

2. Applicability To Registered FMEs

IFSCA has clarified that FMEs undertaking Third-Party Fund Management must file scheme applications in the format and with the documents prescribed under the IFSCA circular on “Ease of Doing Business, Filing of Schemes or Funds” dated April 5, 2024.

3. Additional Third-Party Manager Disclosures

In addition to the standard filing requirements, FMEs are required to submit specific details of the third-party fund manager, including its legal name, registered office address, and proof of regulatory registration or licence in its home jurisdiction.

4. UBO And Key Personnel Information

The circular also mandates submission of a Ultimate Beneficial Owner (UBO) “look-through” chart. Further, profiles of board members or designated partners, along with key managerial personnel (KMPs) of the third-party fund manager, must be disclosed.

5. Conclusion

The additional disclosure and process requirements aim to enhance transparency, regulatory oversight, and governance in Third-Party Fund Management structures. These measures are expected to strengthen compliance standards while supporting IFSCA’s ease-of-doing-business framework.

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