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of <h1>SEBI Amends 2015 Guidelines for Portfolio Managers, Funds in IFSC; Updates Clauses 9(4) and 22(3) on Investments.</h1> The Securities and Exchange Board of India (SEBI) has amended the 2015 guidelines concerning permissible investments by portfolio managers, alternative investment funds, and mutual funds operating in International Financial Services Centres (IFSC). The amendments to Clauses 9 (4) and 22 (3) allow investments in securities listed in IFSC, those issued by companies incorporated in IFSC, and those issued by Indian or foreign companies, subject to conditions set by the Reserve Bank of India and the Government of India. Investments in India must be made through the foreign portfolio investor route. This circular is issued under SEBI's authority to protect investor interests and regulate the securities market.
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