Reporting timelines for foreign portfolio investors require prompt notification to regulator and depository within short working-day limits. The amendment requires forms and documents to be submitted in the manner specified by the Board, replaces 'forthwith' with explicit time-bound reporting deadlines, and imposes written notification duties: material changes in structure, ownership, control or investor group must be reported to the Board and designated depository participant as soon as possible but not later than seven working days, investor-group details must be maintained accurately with the designated depository participant, and certain notifications must be made within two working days.
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Provisions expressly mentioned in the judgment/order text.
Reporting timelines for foreign portfolio investors require prompt notification to regulator and depository within short working-day limits.
The amendment requires forms and documents to be submitted in the manner specified by the Board, replaces "forthwith" with explicit time-bound reporting deadlines, and imposes written notification duties: material changes in structure, ownership, control or investor group must be reported to the Board and designated depository participant as soon as possible but not later than seven working days, investor-group details must be maintained accurately with the designated depository participant, and certain notifications must be made within two working days.
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