Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC)

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..... Amendments 1. SEBI, vide circular SEBI/HO/IMD/DF1/CIR/P/2020/04 dated January 09, 2020 issued Operating Guidelines for Investment Advisers in International Financial Services Centre (operating guidelines). Subsequently, certain clarifications on operating guidelines were issued vide circular SEBI/HO/IMD/DF1/CIR/P/2020/31 dated February 28, 2020 . 2. Pursuant to SEBI circular SEBI/HO/ .....

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..... dy a company or LLP in IFSC. ii. Clause 4 of the operating guidelines is amended as follows- 4. Persons seeking registration under the Investment Adviser Regulations read with these Guidelines shall provide investment advisory services only to those persons referred in Clause 9 (3) of the IFSC Guidelines . Further, IAs shall ensure to comply with the applicable guidelines issued by the .....

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..... 992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 4. The circular is available on SEBI website at www.sebi.gov.in under the categories Info for Investment Advisers and Legal framework - Circulars . Yours faithfully, Naveen Sharma General Manager Investment Management Department Ph: 022- .....

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