Commencement of Foreign Portfolio Investor regime delayed; SEBI allows continued acceptance of FII registration and fee applications until commencement. The Foreign Portfolio Investor (FPI) regime will commence and SEBI will continue to accept complete applications for FII and sub-account registration, fee acknowledgments, and miscellaneous requests until the transition to Designated Depository Participants (DDPs), after which DDPs will accept all such applications; Qualified Depository Participants deemed as DDPs may continue opening QFI accounts during the transition.
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Provisions expressly mentioned in the judgment/order text.
Commencement of Foreign Portfolio Investor regime delayed; SEBI allows continued acceptance of FII registration and fee applications until commencement.
The Foreign Portfolio Investor (FPI) regime will commence and SEBI will continue to accept complete applications for FII and sub-account registration, fee acknowledgments, and miscellaneous requests until the transition to Designated Depository Participants (DDPs), after which DDPs will accept all such applications; Qualified Depository Participants deemed as DDPs may continue opening QFI accounts during the transition.
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