THIRD-PARTY FUND MANAGEMENT SERVICES IN IFSC

Third-Party Fund Management Services (TPFMS) is a regulatory framework introduced in IFSCA (Fund Management) Regulations, 2025 by way of amendment on July 24, 2025 to enable registered Fund Management Entities (FMEs) in IFSC to manage schemes on behalf of third parties. In essence, rather than only managing their own schemes, FMEs can now seek authorization as TPFMS and host schemes for third party fund managers (TPFs) who don’t necessarily have to set up operations in the IFSC.