Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC) – Clarifications
Summary
This circular revises the networth requirement for registered Investment Advisers in IFSC to USD 700,000. It clarifies that existing recognized entities in IFSC can apply for IA registration without forming a separate company or LLP. The document is issued under Section 11(1) of the SEBI Act, 1992.
Text
the networth requirement for registered Investment Adviser in IFSC is revised to USD 700,000.
existing recognized entities in IFSC can also apply for IA registration without forming a separate company or LLP.
Source: SecMarx — Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC) – Clarifications. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.