Know Your Client Requirements for Eligible Foreign Investors

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....r 5, 2012 whereby certain clarifications were issued on 'Know Your Client' requirements in case of foreign investors viz. Foreign Institutional Investors, Sub Accounts and Qualified Foreign Investors. This circular is issued in partial modification to the provisions of circular dated September 5, 2012. 2. Eligible foreign investors investing under Portfolio Investment Scheme ('PIS') route shall be classified as Category I, II and III as provided in Annexure A. The intermediary shall follow risk based Know Your Client norms. Accordingly, certain clarifications are hereby issued, as given in Annexure B, based on the category of these investors. 3. Eligible foreign investors investing under PIS route shall be subject to K....

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....h SEBI as FII/Sub Account III. All other eligible foreign investors investing in India under PIS route not eligible under Category I and II such as Endowments, Charitable Societies/Trust, Foundations, Corporate Bodies, Trusts, Individuals, Family Offices, etc.   Annexure B Document Type Category - I Category - II Category - III Entity Level Constitutive Docs Required Required Required Proof of Address Required Power of Attorney, mentioning the address, is acceptable as address proof Required  Power of Attorney,  mentioning the address, is acceptable as address proof Required - Address proof other than Power of Attorney sho....