Angel Funds Detailed Guide | Entering the World of Angel Funds Fund Management Entities (FMEs), be it an Authorised FME, Registered FME (Non-Retail), or Registered FME (Retail), possess the ability to launch an Angel Fund or an Angel Scheme. In the diverse landscape of investment strategies, Angel Funds forge an essential path towards wealth generation and financial stability. Defining the Angel Investor Angel Fund investments accept commitments from Angel Investors. These investors are defined by […]

Unveiling Financial Statement and Accounting Standards for an IIIO Operating as an International Insurance Intermediary Office (IIIO) comes with its own unique set of rules and regulations. Among these, a critical component relates to financial statements and accounting standards—an important requirement for financial transparency and accountability. The Essential Financial Statements To maintain clarity and ensure consistent Financial Planning, every IIIO is required to prepare the following financial statements for every fiscal year: Year-end Balance Sheet […]

Schemes for Fund Management: Defining Venture Capital Schemes At the core of the finance industry, Venture Capital (VC) Schemes play a crucial role in fostering economic growth and innovation. Often, such schemes offer critical financial backing to start-ups, emerging, or early-stage venture capital undertakings. Let’s delve deeper into the specifics of these essential features of Fund Management Schemes. Understanding Venture Capital Schemes In essence, Venture Capital Schemes primarily invest in unlisted securities of start-ups and […]

Step-by-Step Breakdown of License Renewal Procedure upon Expiry The renewal of the license of an International Insurance Intermediary Office (IIIO) is a critical aspect to consider for continued seamless functioning within the stipulated legality. An expired license needs to be renewed promptly, and there is a well-defined process in place for performing this task, which we’ll break down in further detail. Case I: The Early Bird Advantage – Application within sixty Days Efficiency always carries […]

Unraveling the Necessity of Professional Indemnity Insurance for an IIIO With the requirements of operating as an International Insurance Intermediary Office (IIIO) continually evolving, it is imperative to examine one key question that often surfaces. That pivotal query is this: Does an IIIO require professional indemnity insurance? Well, to answer that question, we delve into the details specified under Regulation 14 of the IIIO Regulations. Taken together, their interpretation presents a comprehensive understanding. Mandatory Procurement […]