FPI registration processing time disclosure requires DDPs to report monthly application counts, average processing time, and pendency reasons. DDPs must report monthly to SEBI the number of FPI applications received, the average time taken to process those applications, the number pending beyond thirty days and reasons for pendency, in a prescribed format by the fifth working day of each month for publication on SEBI's website; requirement is effective immediately.
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Provisions expressly mentioned in the judgment/order text.
FPI registration processing time disclosure requires DDPs to report monthly application counts, average processing time, and pendency reasons.
DDPs must report monthly to SEBI the number of FPI applications received, the average time taken to process those applications, the number pending beyond thirty days and reasons for pendency, in a prescribed format by the fifth working day of each month for publication on SEBI's website; requirement is effective immediately.
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