Foreign Institutional Investor definitions clarify registration, intermediary roles, and sub-account treatment under securities regulations. Regulation 2 defines key terms for the Foreign Institutional Investors regime: Foreign Institutional Investor (institution outside India proposing investment in Indian securities); 'certificate' (registration granted by the Board); 'designated bank' (banks authorised by the Reserve Bank as bankers to FIIs); 'domestic custodian' (providers of custodial services); 'form' and 'schedule' (procedural templates); and 'sub-account' (person resident outside India on whose behalf investments are made by an FII). It provides that undefined terms carry meanings assigned in the Act and other specified statutes.
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Foreign Institutional Investor definitions clarify registration, intermediary roles, and sub-account treatment under securities regulations.
Regulation 2 defines key terms for the Foreign Institutional Investors regime: Foreign Institutional Investor (institution outside India proposing investment in Indian securities); "certificate" (registration granted by the Board); "designated bank" (banks authorised by the Reserve Bank as bankers to FIIs); "domestic custodian" (providers of custodial services); "form" and "schedule" (procedural templates); and "sub-account" (person resident outside India on whose behalf investments are made by an FII). It provides that undefined terms carry meanings assigned in the Act and other specified statutes.
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