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

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....itories Act, 1996 (22 of 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....

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....hirty days as provided above, under such terms and conditions and in such manner 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 reg....

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....sub-regulation (5), a. the words and symbol ",as soon as possible but not later than seven working days," shall be omitted. b. after the words "notice of its designated depository 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....