https://www.taxtmi.com/circulars?id=57945 SEBI allows SEBI registered FPIs to operate in the IFSC without additional documentation and permits trading members to rely on due diligence done at FPI registration; where an EFI is not SEBI registered, trading members may rely on due diligence conducted by an RBI authorised IFSC bank. FPIs operating both in India and IFSC must maintain clear segregation of funds and securities, with custodians monitoring compliance and exchanges maintaining EFI records. EFIs must comply with applicable Indian laws. The definition of "intermediary" in the SEBI (IFSC) Guidelines is amended to delete reference to a foreign portfolio investor. en-us Wed, 04 Jan 2017 00:00:00 +0530 Mon, 03 Dec 2018 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57945 SEBI allows SEBI registered FPIs to operate in the IFSC without additional documentation and permits trading members to rely on due diligence done at FPI registration; where an EFI is not SEBI registered, trading members may rely on due diligence conducted by an RBI authorised IFSC bank. FPIs operating both in India and IFSC must maintain clear segregation of funds and securities, with custodians monitoring compliance and exchanges maintaining EFI records. EFIs must comply with applicable Indian laws. The definition of "intermediary" in the SEBI (IFSC) Guidelines is amended to delete reference to a foreign portfolio investor. Circulars SEBI Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57945