GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Inspection notice requirement mandates advance notice to depository participants; exception allows immediate inspection for investor protection. Regulation 37 requires the Board to give advance notice of not less than ten days before undertaking an inspection of designated depository participants, ... Summary
Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Inspection notice requirement mandates advance notice to depository participants; exception allows immediate inspection for investor protection.
Regulation 37 requires the Board to give advance notice of not less than ten days before undertaking an inspection of designated depository participants, though the Board may order inspection without notice where investor interest so requires; designated depository participants under inspection must discharge their duties and cooperate with inspection obligations under the applicable regulatory framework.
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