Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19

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.... 2. Designated Depository Participants ("DDPs")/ Custodian of Securities. 3. All Recognized Stock Exchanges/ Clearing Corporations 4. All recognized Stock Exchanges and Clearing Corporations in International Financial Services Centres 5. The Depositories (NSDL and CDSL) 6. Stock Brokers through Recognized Stock Exchanges 7. Depository Participants thr....

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.... 2. In light of the recent events pursuant to COVID 19, a need has been felt for temporary relaxations with respect to compliance requirements for FPIs. Accordingly, SEBI has decided to grant the following relaxations in a situation where FPIs are not in a position to send original and/or certified documents as specified in Operational guidelines for Foreign Portfolio Investors (FPIs) & Designate....

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.... documents. 3. The above temporary relaxations shall be applicable till June 30, 2020. DDPs & Custodians shall ensure to obtain the original and/or certified documents (as applicable normally) within 30 days from the aforesaid deadline. In case required documents for registration/ KYC are not received by said deadline, the accounts of such FPIs shall be blocked for any fresh purchase. In case d....