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    Question

    What filing requirements were introduced for Fund

    Management Entities (FMEs) regarding schemes or funds launched in the IFSC as per the April 2024 IFSCA Circular?
    A Submission of detailed financial statements Correct Answer Incorrect Answer
    B Private Placement Memorandum (PPM) and minimum disclosures Correct Answer Incorrect Answer
    C Quarterly performance reports Correct Answer Incorrect Answer
    D Annual audits of each fund Correct Answer Incorrect Answer
    E Submission of investor feedback reports Correct Answer Incorrect Answer

    Solution

    Fund Management Entities (FMEs) must submit a  Private Placement Memorandum (PPM)  with  minimum disclosures  when launching schemes or funds in the IFSC, as per the IFSCA (Fund Management) Regulations, 2022.

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