Foreign Institutional Investor registration: certificate conditioned on ongoing compliance, prompt disclosures, custodian, banking and sub-account registration required. Regulation 10 conditions the grant of a certificate to a Foreign Institutional Investor on continuous compliance with the Regulations, prompt written notification to the Board of any materially false or misleading prior information or any material change affecting the certificate, appointment of a domestic custodian and execution of a custodial services agreement, arrangement with a designated bank for a special non-resident account, and registration of any sub-account before making investments in India.