https://www.taxtmi.com/circulars?id=64294 The guidelines apply SEBI PMS Regulations and IFSC Guidelines to Portfolio Managers in IFSC, permit branches of SEBI-registered intermediaries and separate companies/LLPs, require Board approval and parent entity responsibility for branch compliance and ring-fencing, and prescribe registration procedures and fees. Operational rules mandate certification standards (NISM for Indian securities), minimum net worth of USD 750,000 (with parent/subsidiary specifications), client eligibility per IFSC Guidelines Clause 9(3), minimum client investment of USD 70,000, and segregation of client funds in IFSC Banking Unit accounts, with applicability subject to conditions by SEBI, RBI and other authorities. en-us Wed, 09 Sep 2020 00:00:00 +0530 Tue, 03 Feb 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64294 The guidelines apply SEBI PMS Regulations and IFSC Guidelines to Portfolio Managers in IFSC, permit branches of SEBI-registered intermediaries and separate companies/LLPs, require Board approval and parent entity responsibility for branch compliance and ring-fencing, and prescribe registration procedures and fees. Operational rules mandate certification standards (NISM for Indian securities), minimum net worth of USD 750,000 (with parent/subsidiary specifications), client eligibility per IFSC Guidelines Clause 9(3), minimum client investment of USD 70,000, and segregation of client funds in IFSC Banking Unit accounts, with applicability subject to conditions by SEBI, RBI and other authorities. Circulars SEBI Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64294