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FPI concentration exemption limits disclosure obligations where majority Indian equity is in a corporate group without an identified promoter. SEBI exempts FPIs from additional disclosure obligations where majority Indian equity AUM is concentrated in a corporate group whose apex company has no identified promoter (with Depositories publishing such apex companies), provided the FPI's group holding excluding the apex company stays below the concentration threshold and the composite holdings of eligible FPIs in the apex company remain below a capped cumulative limit. Custodians and Depositories must track and publicise utilisation of the capped limit daily. If the capped limit is met, prospective investments by such FPIs must be realigned within a short trading-window or the FPIs must make the mandated additional disclosures, provided the capped limit persists through that window.
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.
FPI concentration exemption limits disclosure obligations where majority Indian equity is in a corporate group without an identified promoter.
SEBI exempts FPIs from additional disclosure obligations where majority Indian equity AUM is concentrated in a corporate group whose apex company has no identified promoter (with Depositories publishing such apex companies), provided the FPI's group holding excluding the apex company stays below the concentration threshold and the composite holdings of eligible FPIs in the apex company remain below a capped cumulative limit. Custodians and Depositories must track and publicise utilisation of the capped limit daily. If the capped limit is met, prospective investments by such FPIs must be realigned within a short trading-window or the FPIs must make the mandated additional disclosures, provided the capped limit persists through that window.
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