Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2024.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 1996), the Board hereby makes the following regulations, to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors ) Regulations, 2019, namely, - 1. These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, - I. In regulation 7, i. in sub-regulation (5), the proviso shall be substituted with the following namely,- "Provided that a foreign portfolio investor, whose certificate of registration is not valid as on the date of commencement of the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r as may be specified by the Board, from time to time. (7) The additional period granted under sub-regulations (5) and (6) of this regulation shall be without prejudice to any action as may be initiated by the Board in accordance with the provisions of the Act and the regulations framed thereunder. (8) A foreign portfolio investor whose certificate of registration is not valid and has not sold off the securities or wound up their open position in derivatives in India as per the provisions of these regulations shall be deemed to have written off the securities in such manner as may be specified by the Board from time to time." II. In regulation 9, in sub-regulation (3), the following shall be inserted, namely,- "Explanation: For the pu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sitory participant", the words and symbol ", in the manner and within the timelines as may be specified by the Board from time to time" shall be inserted. IV. In Second Schedule, in Part A, clause 4, the symbol "." shall be substituted by the symbol ":" and the following proviso shall be inserted, namely,- "Provided that a foreign portfolio investor shall, wherever applicable, pay the late fee of US $ 50 per day for Category I and US $5 per day for Category-II foreign portfolio investors." BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./155/2024-25] Footnote: 1. The Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, the Principal Regulations were published in the Gazette of India on Septemb....