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of <h1>SEBI Amends Foreign Institutional Investors Regulations: Expands Eligible Entities, Updates Registration and Compliance Procedures.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Foreign Institutional Investors Regulations, 1995, effective upon publication in the Official Gazette. Key changes include updates to the definition of eligible foreign institutional investors, now encompassing entities like international organizations, foreign governmental agencies, and foreign central banks. The amendment revises application procedures for registration as a sub-account, requiring Form AA, and updates joint undertaking requirements. It also introduces new forms for registration applications, detailing applicant information, regulatory authority, and compliance declarations. The amendment emphasizes adherence to SEBI and Reserve Bank of India regulations.
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