TaxTMI 
TaxTMI 
Disclosures of Material Changes and Other Obligations for Foreign Portfolio Investors
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....ions Dear Sir / Madam, Subject: Disclosures of Material Changes and Other Obligations for Foreign Portfolio Investors 1. SEBI vide "Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors" No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/P/2024/70 dated May 30, 2024 (hereinafter referred to as the 'FPI Master Circular') has, inter alia, specified the ti....
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....er: a. 'Type I' material changes shall be informed by FPIs as soon as possible and within seven working-days of the occurrence of the change and the supporting documents (if any) shall be provided within 30 days of such change. This category shall include critical material changes that I. render the FPI ineligible for registration II. require FPI to seek fresh registration III. render FPI ....
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....n 4(d), 4(e) or 4(f) of the FPI Regulations, 2019 VII. Reclassification of the FPI from Category I to Category II VIII. Addition of FPI(s) to any existing/new investor group(s) IX. FPIs obtaining registration under Category-I on support of an Investment Manager (IM) and such IM being either removed (temporarily/permanently) or losing its Category I eligibility X. Breach of prescribed thres....
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....and supporting documents (if any) shall be provided by FPIs as soon as possible and within 30 days of such change. ii. The DDP shall examine all material changes informed by the FPIs and re-assess the eligibility of the FPI including requiring FPIs to seek fresh registration. However, the DDP shall mandatorily require the FPI to seek fresh registration in case of 'Type I' material changes listed....