Registration of FVCIs as FPIs permitted subject to segregation, separate custody accounts, distinct reporting and no opaque structures. A registered FVCI may be granted registration as an FPI only if it satisfies FPI eligibility criteria and implements clear segregation of funds and securities between registrations, maintains separate custodian accounts (permitting the same custodian), ensures distinct reporting for each registration, complies with all conditions and investment restrictions applicable to FPIs, and does not have opaque structures as defined under the FPI Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration of FVCIs as FPIs permitted subject to segregation, separate custody accounts, distinct reporting and no opaque structures.
A registered FVCI may be granted registration as an FPI only if it satisfies FPI eligibility criteria and implements clear segregation of funds and securities between registrations, maintains separate custodian accounts (permitting the same custodian), ensures distinct reporting for each registration, complies with all conditions and investment restrictions applicable to FPIs, and does not have opaque structures as defined under the FPI Regulations.
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