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of <h1>Applicants for Foreign Portfolio Investor Registration Must Use Same Entity as Depository Participant and Custodian Under 2019 Regulations</h1> An applicant seeking registration as a foreign portfolio investor under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, must engage a designated depository participant. This participant provides services necessary for obtaining a certificate of registration. It is mandatory that the designated depository participant and the custodian of the foreign portfolio investor are the same entity, ensuring streamlined management and compliance with regulatory requirements.
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