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Foreign Investors Participation at IFSC

How to participate at IFSC?

Type of Foreign Entity Definition Trading Member Clearing Member Provider for Nominee account Client of Broker Client of Provider Other Intermediary Services (Non-Broking)
SEBI registered FPI Cat I, II, Cat III (non-individual) Yes
(with IFSC subsidiary)
Yes
(with IFSC subsidiary)
Yes
(FPI Cat I & II)
Yes Yes NA
Eligible Foreign Investors Non-individual foreign participants not registered as FPIs with SEBI Yes
(with IFSC setup)
Yes
(with IFSC setup)
Yes
(if TM/CM of International Stock Exchange / Clearing Corporation)
Yes Yes NA
Foreign Bank Branch
  • Already present in India
  • Set up as IFSC Banking Unit
Yes Yes Yes
(If TM at IFSC)
Yes Yes Yes
Intermediary options: [Merchant Banker, Banker to an issue, Underwriter, Investment advisor, Portfolio Manager, Custodian]
International Associates of SEBI registered non-broking / non-clearing intermediary Associate1 as defined in SEBI (Intermediaries) Regulations, 2008 NA NA NA NA NA

1 - “Associate” means any person controlled, directly or indirectly, by the intermediary, or any person  who  controls,  directly  or  indirectly,  the  intermediary,  or  any  entity  or  person  under common control with such intermediary, and where such intermediary is a natural person will include  any  relative  of  such  intermediary  and  where  such  intermediary  is  a  body  corporate will include its group companies (as defined in the Monopolies and Restrictive Trade Practices Act, 1969 (Act No. 54 of 1969) or any re-enactment thereof) or companies under the same management;