GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Foreign portfolio investor definitions specify registration, intermediaries, control and eligibility standards for cross border investment. Definitions frame the FPI regulatory framework: a foreign portfolio investor is a registrable intermediary receiving a certificate via a designated ... Summary
Foreign portfolio investor definitions specify registration, intermediaries, control and eligibility standards for cross border investment.
Definitions frame the FPI regulatory framework: a foreign portfolio investor is a registrable intermediary receiving a certificate via a designated depository participant; key roles-designated depository participants, custodians, designated banks, and investment managers-are identified; eligibility requires being appropriately regulated in the home jurisdiction when acting in that capacity; control is broadly defined to include director appointment and rights from shareholding or agreements; offshore derivative instruments and certain person categories are specifically defined; undefined terms adopt meanings from the Act and relevant statutes.
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