The Securities and Exchange Board of India(SEBI) vide its notification dated 28th February 2020 has issued a clarification on Operating Guidelines for revising the criteria for Investment Advisers in International Financial Services Centre (IFSC).
The net worth requirement for registered Investment Adviser in IFSC has been revised to USD 700,000 through the notification.
Further SEBI also clarified that existing recognized entities in the IFSC can also apply for IA registration without forming a separate company or LLP.
Click here to read the Notifcation.
