Registration criteria for capital market intermediaries require qualifications, infrastructure, financial soundness, and fit and proper status in IFSC. Registration requires that applicants and specified officers possess prescribed qualifications and adequate work experience; maintain sufficient infrastructure-office space, equipment, communications and manpower-to discharge activities; meet specified net worth, fund allocation and other eligibility requirements where applicable; demonstrate satisfactory financial creditworthiness; and ensure applicants and their principal officers, directors/designated partners, key managerial personnel and controlling shareholders satisfy the fit and proper standard.