https://www.taxtmi.com/notifications?id=128208 The amendment defines a "sub-account" and aligns undefined terms to other statutes; makes registration certificates permanent unless suspended or cancelled; requires FIIs and sub-accounts with deemed permanent certificates to file specified forms and allows surrender subject to conditions; expands eligible applicant categories (including university funds and Sovereign Wealth Funds) and permits an investment manager's track record for new funds with disclosure of disciplinary history; imposes FII liability for all acts of sub-accounts and KYC obligations before admitting foreign corporate sub-accounts; tightens offshore derivative instrument rules by restricting issuance to regulated persons after KYC, barring sub-accounts from issuing ODIs, mandating closure of certain outstanding ODIs, imposing quantitative ceilings linked to assets under custody, and updating forms and fee schedules. en-us Thu, 22 May 2008 00:00:00 +0530 Mon, 11 Feb 2019 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128208 The amendment defines a "sub-account" and aligns undefined terms to other statutes; makes registration certificates permanent unless suspended or cancelled; requires FIIs and sub-accounts with deemed permanent certificates to file specified forms and allows surrender subject to conditions; expands eligible applicant categories (including university funds and Sovereign Wealth Funds) and permits an investment manager's track record for new funds with disclosure of disciplinary history; imposes FII liability for all acts of sub-accounts and KYC obligations before admitting foreign corporate sub-accounts; tightens offshore derivative instrument rules by restricting issuance to regulated persons after KYC, barring sub-accounts from issuing ODIs, mandating closure of certain outstanding ODIs, imposing quantitative ceilings linked to assets under custody, and updating forms and fee schedules. Notifications SEBI Thu, 22 May 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128208