SEBI, vide circular 4 dated January 9, 2020 issued Operating Guidelines for Investment Advisers in International Financial Services Centre.
Based on the representation received from the stakeholder regarding para 8(a) of the said circular, the networth requirement for registered Investment Adviser in IFSC is revised to USD 700,000.
In respect of para 3 of the said circular, it is clarified that existing recognized entities in IFSC can also apply for IA registration without forming a separate company or LLP.
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