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of <h1>Regulation 6: Criteria for Foreign Institutional Investor Certification Focus on Track Record, Financial Soundness, and Integrity</h1> Regulation 6 of the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995, outlines the criteria for granting certificates to foreign institutional investors. Key considerations include the applicant's track record, competence, financial soundness, and integrity. The applicant must be regulated by an appropriate foreign authority, except for certain entities like university funds and charitable organizations. They must have permission from the Reserve Bank of India under the Foreign Exchange Regulation Act. Eligible entities include foreign pension funds, mutual funds, and other specified organizations. The regulation also defines 'broad based fund' and emphasizes the applicant's public interest service and fitness.
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