The regulator in January came out with guidelines for entities operating as investment advisers in IFSC and said that any recognised entity desirous of operating in IFSC as an IA, may form a company or LLP (limited liability partnership) to provide investment advisory services.
Issuing clarifications on the guidelines, Sebi on Friday said “it is clarified that existing recognised entities in IFSC can also apply for IA registration without forming a separate company or LLP.”
