GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
Inspection notice requirement mandates prior notice to depository participants, subject to investor-interest exception allowing unannounced inspections. Regulation 38 requires the Board to give advance notice to designated depository participants before undertaking an inspection, but allows the Board, by ... Summary
Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
Inspection notice requirement mandates prior notice to depository participants, subject to investor-interest exception allowing unannounced inspections.
Regulation 38 requires the Board to give advance notice to designated depository participants before undertaking an inspection, but allows the Board, by written order when investor interests demand, to conduct inspections without prior notice; during inspection, the participants must discharge their obligations as provided in the following regulation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.