Clarifications in respect of investment by certain Category II FPIs

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....) Sir/ Madam, Subject: Clarifications in respect of investment by certain Category II FPIs I. This is in reference to SEBI circular No. CIR/IMD/FPIC/ 26 /2018 dated February 15, 2018 regarding "Easing of access norms for investment by FPIs". II. In view of queries from stakeholders, the following clarifications are made in respect of investment by certain category II FPIs:- (1) The collective....

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....addressing the deficiencies or has not committed to an action plan developed with the Financial Action Task Force to address the deficiencies; d) The client/ investor should not have opaque structure(s), as defined under Explanation 1 of Regulation 32(1)(f) of SEBI (Foreign Portfolio Investors) Regulations, 2014 or Bearer share structure. e) The collective investment vehicle of the Bank (other....

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....ment companies, investment managers/ advisers, Portfolio managers, Broker-dealer and Swap-dealer. It is clarified that:- (a) They are permitted to invest their proprietary funds, (b) These appropriately regulated persons by taking separate registration can also invest with client funds as an ODI Issuing FPI or after fulfiling the condition of being broad based and having a common portfolio. Ho....