Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
Creates a new SWAGAT-FI category for FPIs/FVCIs: (a) defines eligible investors (government/Govt-related, regulated public retail blind-pool mutual funds, regulated insurance companies investing own non-segregated funds, and regulated pension funds) and requires public retail funds to be from identified jurisdictions regulated by specified authorities, thereby permitting these entities to register as SWAGAT-FI FPIs; (b) permits existing FPIs to convert to SWAGAT-FI on application to their DDP, thereby enabling streamlined on-boarding; mandates depositories to provide a unified accounting/investing account for securities and units, thereby consolidating custody and reporting; extends registration renewal block to 10 years for SWAGAT-FI FPIs, thereby lengthening fee/renewal cycles; and sets custodial KYC review periodicity at 10 years for SWAGAT-FI FPIs, thereby reducing KYC frequency. SEBI.