General obligations and responsibilities of foreign portfolio investors

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... participant in writing, if any information 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 Boa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ancial Action Task Force standards and circulars issued from time to time by the Board; and (k) ensure 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 h....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tained in sub-regulation (3), the clubbing of investment limit of foreign portfolio investors having common control shall not be applicable where - (a) 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 ty....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/128., dated 14.03.2023, before it was read as, "(c) forthwith 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, 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 sh....