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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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