Foreign Portfolio Investors Must Appoint Compliance Officer for Adherence to SEBI Rules and Report Non-Compliance Promptly
Every foreign portfolio investor must appoint a compliance officer responsible for ensuring adherence to the relevant Act, rules, regulations, notifications, guidelines, and instructions issued by the designated depository participant, the Securities and Exchange Board of India (SEBI), or the Central Government. If the investor is an individual, they themselves are responsible for compliance. The compliance officer is required to promptly and independently report any non-compliance to SEBI and the designated depository participant.
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