General obligations and responsibilities of foreign portfolio investors

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....tion or particulars previously submitted to the Board or designated depository participant are found to be false or misleading, in any material respect 7[, in the manner and within the timelines as may be specified by the Board from time to time]; 2[(c) 8[****] inform the Board and designated depository participant in writing, if there is any material change in the information including any direct or indirect change in its structure or ownership or control or investor group previously furnished by him to the Board or designated depository participant 9[, in the manner and within the timelines as may be specified by the Board from time to time];] (d) as and when required by the Board or any other Government agency in India, submit any in....

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....ure that securities held by foreign portfolio investors are free from all encumbrances. Explanation - An encumbrance created to meet any statutory and regulatory requirements shall not be considered under this clause. 3[(l) ensure that accurate details regarding its investor group are maintained with its designated depository participant at all times.] 14[Provided that the provisions of this clause shall not be applicable to foreign portfolio investor who invests only in Government Securities, in accordance with the conditions as may be specified by the Board from time to time.] (2) In case of jointly held depository accounts, each of the joint holders shall meet the requirements specified for foreign portfolio investor and each shal....

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....) foreign portfolio investors are appropriately regulated public retail funds; or (b) the foreign portfolio investors are public retail funds where the majority is owned by appropriately regulated public retail fund on look through basis; or (c) foreign portfolio investors are public retail funds and investment managers of such foreign portfolio investors are appropriately regulated. Explanation - Public retail funds means - (i) mutual funds or unit trusts which are open for subscription to retail investors and which do not have specific investor type requirements like accredited investors; (ii) insurance companies where segregated portfolio with one to one correlation with a single investor is not maintained; and (iii) pension ....

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....formation including any direct or indirect change in its structure or ownership or control, previously furnished by him to the Board or designated depository participant;" 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/128., dated 14.03.2023, 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/128., dated 14.03.2023, before it was read as, "(5) In case of any direct or indirect change in structure or common ownership or control of the foreign portfolio investor, it shall forthwith bring the same to the notice of its designated depository participant." 5. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/143 dated 10-08-2023 6. Omitted vide Notification No. SEBI/LAD-NRO/GN/2024/183 dated 31-05-2024 before ....