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of <h1>Regulation 43B permits SEBI to grant exemptions for foreign portfolio investors under specific conditions with documented reasons.</h1> Regulation 43B of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, allows the Board to grant exemptions from strict enforcement of its provisions. This can be done on its own initiative or upon a foreign portfolio investor's request, provided reasons are documented. Exemptions may be granted if non-compliance is due to uncontrollable factors or if the requirement is merely procedural or technical. Applications must include a non-refundable fee of $1,000, payable through specified banking methods. This regulation was inserted by a notification in January 2022.
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