IFSCA on 15 February, 2023 has issued a Consultation Paper on Handling of Client Funds for Portfolio Management Services in IFSCA. IFSCA has proposed to permit client(s) availing the Portfolio Management Services (PMS) to maintain a bank account in IFSC, India or foreign jurisdictions and authorize the FME to operate the same.
Comments on the proposal may be sent by email to Mr. Aditya Sarda, Assistant General Manager, IFSCA at aditya.sarda@ifsca.gov.in with a copy to Mr. Pavan Shah, Deputy General Manager, IFSCA at pavan.shah@ifsca.gov.in latest by March 8, 2023.
