Fee structure under IFSCA (Fund Management) Regulations, 2022, revised

On May 19, 2022, the International Financial Services Centers Authority has revised the Application and Registration Fee under IFSCA (Fund Management) Regulations, 2022.

  1. Application Fee: USD 2,500
  2. Registration Fee:
    (i) Authorised FME : USD 5,000

    (except Family Investment Fund)
    (ii) Registered FME (Non retail): USD 7,500
    (iii) Registered FME (Retail): USD 10,000

    (iv) Family Investment Fund: USD 15,000
  3. Annual Fee
    a) Each FME shall pay an annual fee of USD 2,000.

    b) The Annual Fee shall be applicable for financial year after the year in which certificate of registration is granted by the Authority and shall be payable in the first month of each financial year i.e. in April.

 

For manner of payment for the above fees, entities may refer to the circulars titled “Account Details for fee to be remitted to IFSCA” dated September 08, 2021 and April 04, 2022.

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