Sorry , this is not accepted answer but was accidentally marked so and is now not changable. It is a normal comment.
siddhant333
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In our preliminary investigation, AES encrypted HLS doesn't work with FPS in safari 15.0 but CBCS supported FPS playback works in safari 15.0
Feedback ticket submission was private and thus no option to share the link for it. Reason is that Apple is not supporting certain encryption scheme.