Temporary relaxation in FPI document processing extended under regulatory authority; DDPs and custodians must notify clients. Temporary relaxation in processing of documents pertaining to FPIs is extended to August 31, 2020, with all other terms and conditions of the March 30, 2020 circular remaining unchanged; DDPs and custodians are required to notify their FPI clients and to continue applying the authorized relaxed document acceptance and verification measures under the regulator's powers to protect investors and accommodate AML record keeping flexibility.
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Temporary relaxation in FPI document processing extended under regulatory authority; DDPs and custodians must notify clients.
Temporary relaxation in processing of documents pertaining to FPIs is extended to August 31, 2020, with all other terms and conditions of the March 30, 2020 circular remaining unchanged; DDPs and custodians are required to notify their FPI clients and to continue applying the authorized relaxed document acceptance and verification measures under the regulator's powers to protect investors and accommodate AML record keeping flexibility.
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