https://www.taxtmi.com/circulars?id=58356 SEBI revises the QFI framework: QFI must be resident in a FATF member jurisdiction and in a jurisdiction party to IOSCO MMOU or holding a bilateral MoU with SEBI, excluding jurisdictions with FATF AML/CFT deficiencies and residents of India; replaces "Purchase" with "Subscription"; caps aggregate holdings where investments are made via both QFI and FDI routes per equity class; permits reinvestment of sale/redemption/dividend proceeds into eligible securities held in a single demat account; allows appointment of a custodian only if it is the QFI's qualified DP and SEBI registered; requires a single non interest bearing Rupee account with an AD Category I bank. en-us Thu, 07 Jun 2012 00:00:00 +0530 Sat, 15 Dec 2018 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58356 SEBI revises the QFI framework: QFI must be resident in a FATF member jurisdiction and in a jurisdiction party to IOSCO MMOU or holding a bilateral MoU with SEBI, excluding jurisdictions with FATF AML/CFT deficiencies and residents of India; replaces "Purchase" with "Subscription"; caps aggregate holdings where investments are made via both QFI and FDI routes per equity class; permits reinvestment of sale/redemption/dividend proceeds into eligible securities held in a single demat account; allows appointment of a custodian only if it is the QFI's qualified DP and SEBI registered; requires a single non interest bearing Rupee account with an AD Category I bank. Circulars SEBI Thu, 07 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58356