SEBI Updates FPI Disclosure Rules: Exemptions for FPIs with Over 50% AUM in Corporate Groups, New Monitoring Guidelines.

SEBI Updates FPI Disclosure Rules: Exemptions for FPIs with Over 50% AUM in Corporate Groups, New Monitoring Guidelines. https://www.taxtmi.com/highlights?id=75950 The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions. en-us Thu, 21 Mar 2024 14:55:11 +0530 Thu, 21 Mar 2024 14:55:11 +0530 TaxTMI RSS Generator SEBI Updates FPI Disclosure Rules: Exemptions for FPIs with Over 50% AUM in Corporate Groups, New Monitoring Guidelines. https://www.taxtmi.com/highlights?id=75950 The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions. Highlights SEBI Thu, 21 Mar 2024 14:55:11 +0530 https://www.taxtmi.com/highlights?id=75950