Obligation to seek registration

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....e regulations shall not commence operations in an IFSC unless it has obtained a certificate of registration from the Authority as a FME under any of the categories mentioned in sub-regulation (4). (2) An entity desirous of obtaining a certificate of registration as a FME in IFSC shall submit an application form including the declarations and undertakings in the manner as specified in First Sche....

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....rs or investors investing above a specified threshold by way of private placement for investing in financial products including securities, and such other permitted asset classes through one or more restricted schemes; (ii) Such FMEs shall also be able to undertake Portfolio Management Services (including for multi- family office) and act as investment manager for private placement of Inv....