https://www.taxtmi.com/circulars?id=57798 SEBI eases FPI access norms by allowing Global Custodians to request local custodian/DDP changes on behalf of authorised FPIs, eliminating prior SEBI approval where transferee custodian/DDP records no objection and notifies SEBI, and permitting transferee DDPs to rely on prior due diligence while requiring adequate due diligence at the next continuance. The circular dispenses with resubmission of PCC/MCV Declarations and investor-group information at continuance if unchanged, allows free-of-cost transfers and multiple custodians for FPIs under the MIM structure with the same PAN, clarifies share-class approval requirements for common versus segregated portfolios, permits regulated private/merchant banks to act for clients subject to beneficial-owner disclosure assurances, and extends conditional registration to converting India-dedicated funds. en-us Thu, 15 Feb 2018 00:00:00 +0530 Thu, 29 Nov 2018 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57798 SEBI eases FPI access norms by allowing Global Custodians to request local custodian/DDP changes on behalf of authorised FPIs, eliminating prior SEBI approval where transferee custodian/DDP records no objection and notifies SEBI, and permitting transferee DDPs to rely on prior due diligence while requiring adequate due diligence at the next continuance. The circular dispenses with resubmission of PCC/MCV Declarations and investor-group information at continuance if unchanged, allows free-of-cost transfers and multiple custodians for FPIs under the MIM structure with the same PAN, clarifies share-class approval requirements for common versus segregated portfolios, permits regulated private/merchant banks to act for clients subject to beneficial-owner disclosure assurances, and extends conditional registration to converting India-dedicated funds. Circulars SEBI Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57798