On 28 September 2021, IND SEBI approved the proposal to amend the SEBI (foreign portfolio investors) regulations, 2019 for permitting resident Indians (other than individuals) to become constituents of FPIs that are registered as AIFs in IFSCs.
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India – SEBI Foreign Portfolio Investor Guidelines
On 4 August 2021, IND SEBI modified the operational guideline for foreign portfolio investors (FPIs) and custodians and designated depository participants (DDPs). To operationalize amendment to SEBI (foreign portfolio investors) regulations, 2019. Modified guidelines to say the contribution of resident Indian individuals shall be made through the liberalized remittance scheme (LRS) notified by Reserve Bank…
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India – SEBI Foreign Portfolio Investors
On 19 December 2019, IND SEBI issued SEBI (FPI) (amendment) regulations, 2019. In regulation 2, substitutes regulation 2 of the foreign exchange management (transfer or issue of security by a person resident outside India) regulations, 2017. With rule 2 of the foreign exchange management (non-debt instruments) rules, 2019. In regulation 20, substitutes foreign exchange management…
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India – SEBI Foreign Portfolio Investors
On 16 December 2019, IND SEBI decided AMCs may provide management and advisory services in terms of regulation 24(b) of regulations to FPIs under certain categories. Government and government related investors such as central banks, appropriately regulated entities such as pension funds, FPIs wherein the above hold more than 50%. For agreements entered into by…
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