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Foreign Investors Participation at IFSC

Type of Foreign Entity Definition Trading Member Clearing Member Client to Broker Other intermediary services (non-broking)
SEBI registered FPI Cat I, II, III NA NA Yes NA
Foreign Bank
  • Already present in India
  • Set up as IBU
Yes Yes Yes Yes Intermediary options: [Merchant Banker, Banker to an issue, Underwriter, Investment advisor, Custodian]
International associates of SEBI registered non-broking / clearing intermediary Associate1 as defined in SEBI (Intermediaries) Regulations, 2008 NA NA NA
EFI Foreign investors not registered as FPIs NA NA Yes NA
Depositories NA NA NA Depository only