Registration permanence for foreign portfolio investors: status continues unless suspended, cancelled under intermediary procedures or surrendered. Registration granted to a foreign portfolio investor by the designated depository participant is permanent subject to statutory compliance but may be suspended, cancelled under the Intermediaries Regulation procedures, or surrendered. Surrender requires the foreign portfolio investor to request the designated depository participant, which may accept surrender only after Board approval and may impose Board-specified conditions that the investor must comply with.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration permanence for foreign portfolio investors: status continues unless suspended, cancelled under intermediary procedures or surrendered.
Registration granted to a foreign portfolio investor by the designated depository participant is permanent subject to statutory compliance but may be suspended, cancelled under the Intermediaries Regulation procedures, or surrendered. Surrender requires the foreign portfolio investor to request the designated depository participant, which may accept surrender only after Board approval and may impose Board-specified conditions that the investor must comply with.
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