The Institute of Company Secretaries of India announced that the International Financial Services Centres Authority has specified two of its specialised courses for Key Managerial Personnel (KMPs) and employees operating in IFSC entities, pursuant to circulars dated 1 and 2 April 2026. These courses—“Regulatory Framework for Fund Management in IFSC: AIFs and Retail Scheme” and “Regulatory Framework for Capital Market Intermediaries in IFSC”—are mandatory for personnel engaged in core fund management and capital market intermediary activities, respectively. Completion of these courses is required on or before 30 September 2026. The courses were originally launched at the Global Securities Markets Conclave (GSMC) 2.0 in February 2026, along with a third course on corporate governance. The specification by IFSCA formalises their applicability within the IFSC ecosystem, aiming to enhance professional competence, regulatory understanding, and governance standards among KMPs and employees.
PRESS RELEASE
Chief of Bureau
7 April 2026
ICSI Courses specified for KMPs and Employees of entities under IFSCA
The Institute of Company Secretaries of India (ICSI) launched three specialized courses at the International Financial Regulatory Authority (IFSCA) ’s Global Securities Markets Conclave (GSMC) 2.0, in February 2026, to equip Professionals with investment strategies, compliances and governance skills for IFSC framework:
1) Regulatory Framework for Capital Market Intermediaries in the IFSC
2) Regulatory Framework for Fund Management in the IFSC
3) Corporate Governance in the IFSC
The IFSCA, vide its circulars dated 01 April 2026 and 02 April 2026, specified the following two courses and specifications, along with mandating its completion on or before September 30, 2026:
1) Regulatory framework for Fund Management in IFSC: AIFs and Retail Scheme – Specified for KMPs and all other employees of Fund Management Entities discharging the core fund management activities in IFSC.
2) Regulatory framework for Capital Market Intermediaries in IFSC – Specified for KMPs and all other employees of Capital Market Intermediaries discharging the core business activities in IFSC.
The recognition reinstates the ICSI’s continued commitment to delivering high-quality and industry-relevant education and its pivotal role in strengthening the professional capabilities of KMPs and employees within the IFSC ecosystem.
