Regulation 11 - Registration requirements - International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025

11. Registration requirements The Authority shall take into account all matters which it deems relevant for grant of registration to a CMI including the following: (a) the applicant or its principal officer and compliance officer have the specified qualification and adequate work experience; (b) the applicant has the necessary infrastructure like adequate office space, equipment, communication facilities and manpower to effectively discharge its activities; (c) the applicant satisfies the eligibility criteria, net worth and fund allocation requirements, if applicable, as specified in these regulations; (d) the applicant has satisfactory financial credit worthiness; and (e) the applicant and its principal officers, directors/ designated partners, key managerial personnel and controlling shareholders are fit and proper persons.