SEBI modifies guidelines for FPIs, DDP and Eligible FIs
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- Last Updated on 2 May, 2022
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Circular No SEBI/HO/IMD/FPI&C/CIR/P/2022/57, Dated 29.04.2022
The market regulator SEBI has decided to modify the Operational Guidelines for Foreign Portfolio Investors (FPIs), Designated Depository Participants (DDP) and Eligible Foreign Investors (FIs). The SEBI vide. SEBI Circular No. IMD/FPI&C/CIR/P/2019/124 dated 05-11-2019 had issued operational guidelines for FPIs, DDP and eligible FIs whereby the designated depository participant is required to grant certificate of registration, bearing the registration number generated by NSDL in a centralised manner. Now, the designated depository participant is required to grant the certificate of registration, bearing the registration number generated by SEBI.
Further, respective depositories are required to make necessary arrangements for DDPs so to provide fresh registration certificate as an acknowledgement from its database including a statement that the name change has been granted without prejudice to any tax liability/ implication in India. The provisions of this circular shall be applicable with effect from May 09, 2022.
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