https://www.taxtmi.com/acts?id=33988 Regulation 5 classifies foreign portfolio investor applicants into three categories with distinct eligibility criteria. Category I covers government and government related investors; Category II includes appropriately regulated institutional investors, specified regulated persons and broad based funds whose investment managers are themselves appropriately regulated and registered, with detailed definitions of "appropriately regulated" and "broad based fund" and a 90 day cure period for loss of broad based status; Category III comprises all other applicants not eligible under the first two categories. Investment managers of certain funds bear responsibility and liability for acts of their underlying funds. en-us Tue, 25 Dec 2018 15:59:09 +0530 Mon, 29 Jul 2024 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33988 Regulation 5 classifies foreign portfolio investor applicants into three categories with distinct eligibility criteria. Category I covers government and government related investors; Category II includes appropriately regulated institutional investors, specified regulated persons and broad based funds whose investment managers are themselves appropriately regulated and registered, with detailed definitions of "appropriately regulated" and "broad based fund" and a 90 day cure period for loss of broad based status; Category III comprises all other applicants not eligible under the first two categories. Investment managers of certain funds bear responsibility and liability for acts of their underlying funds. Act-Rules SEBI Tue, 25 Dec 2018 15:59:09 +0530 https://www.taxtmi.com/acts?id=33988