Exchange Traded Funds: A Comprehensive Guide Overview of Exchange Traded Funds (ETFs) An Exchange Traded Fund (ETF) is a financial product offered by a Fund Management Entity (FME) that is mandatorily listed and traded on a recognized stock exchange in the International Financial Services Centre (IFSC). ETFs can come in various forms, including: Equity Index-based ETFs Debt Index-based ETFs Commodity-based ETFs Hybrid ETFs Actively Managed ETFs Other ETFs subject to approval from the recognized stock […]

Navigating Mergers, Amalgamations, and Authority Approvals in an IIIO In the evolving landscape of International Insurance Intermediary Offices (IIIO), mergers and amalgamations are not uncommon. However, they bring with them specific regulatory considerations. Let’s delve into this intricate aspect of IIIO regulations. Authority Approval for Mergers and Amalgamations If an IIIO is considering a merger or amalgamation, it must first gain the approval of the Authority. According to sub-regulation (2) of Regulation 26 of IIIO […]

Comprehensive Guide to Special Situation Funds Understanding Special Situation Funds A Special Situation Fund is more than your average investment scheme. This unique arrangement gathers investments geared towards special situation assets, earmarking funds in accordance with specific investment objectives. Moreover, these funds can actively take part in resolutions under the Insolvency and Bankruptcy Code, 2016, making them a significant player in the financial sector. Who can launch a Special Situation Fund? The directives permit only […]

Unraveling Client Business Limitations and Leadership Changes in an IIIO International Insurance Intermediary Office (IIIO) regulations encompass a broad range of areas – from financial accountability to leadership structure. Among these, two important areas that frequently raise questions are the limits of business related to a single client and regulations for a change in leadership. Limit on Business from Single Client One crucial aspect of the IIIO, as specified under sub-regulation (1) of Regulation 22 […]

Recalibrating the General Obligations and Responsibilities of a Fund Management Entity (FME) The detailed operational procedures of a Fund Management Entity (FME) might include the minima duration for preserving their records, procedures for ensuring guaranteed returns, compliance rules when control changes, conditions necessary for merging schemes, obligations when providing investor information, and restrictions on other business activities. With the aim to effectively communicate to our target audience, we have undertaken a deep dive into each […]