SEBI Amends Foreign Institutional Investors Regulations: New Sub-Account Rules, $1000 Registration Fee, and Derivatives Transactions.

The Securities and Exchange Board of India (SEBI) issued the Third Amendment to the Foreign Institutional Investors Regulations, 1995, effective upon publication in the Official Gazette. Key changes include amendments to regulations concerning sub-account registration, requiring additional undertakings and information as specified in Annexure B. It also mandates the payment of a registration fee of US $1000 for sub-accounts. The amendments facilitate transactions in derivatives on recognized exchanges and address the sale of securities in response to takeover offers. The amendments ensure compliance with the SEBI's regulatory framework and enhance transparency in foreign institutional investments.

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