TaxTMI 
TaxTMI 
Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors.
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....ersedes the earlier Master Circular dated December 19,2022 This Master Circular shall come into force from the date of its issue. The circulars mentioned in Annexure A of the Master Circular shall stand rescinded with the issuance of this Master Circular. 3. With respect to the directions or other guidance issued by SEBI, as specifically applicable to FPIs, shall continue to remain in force in addition to the provisions of any other law for the time being in force. Terms not defined in this Master Circular shall have the same meaning as provided under the Regulations. 4. Notwithstanding such rescission, a. anything done or any action taken or purported to have been done or taken including registration or approval granted, fees collected, registration or approval, suspended or cancelled, any adjudication, enquiry or investigation commenced or show-cause notice issued under the rescinded circulars, prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular; b. any application made to the Board under the rescinded circulars, prior to such rescission, and pending before it shall be deemed to ha....
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.... Periodic KYC review 23 6. Data security 23 7. Period for maintenance of records 24 8. Guidelines for KYC: 24 9. List of supporting documents: 25 PART C - Investment Conditions/Restriction on Foreign Portfolio Investors registered SEBI (Foreign Portfolio Investor) Regulations, 2019 26 1. Monitoring of investment limit at investor group level 26 2. Monitoring of Investment Limit at individual level 32 3. Off-Market transfer of securities 39 4. "To be listed" shares 39 5. Short sale of securities 40 6. Investment by FPI through primary market issuances 40 7. Transfer of Right entitlements 40 8. Risk management framework for FPIs 40 9. FPIs investments in debt securities 41 10. Allocation of corporate debt limit 41 11. Position limits available to FPIs for stock and stock index derivative contracts 43 12. FPI Position Limits in Exchange Traded Interest Rate Futures (IRF) 44 13. Participation of FPIs in the Currency Derivatives segment and Position limits for currency derivatives contracts 45 14. Participation of FPIs ....
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.... access such documents from the KRA and complete their KYC requirements for opening the demat, trading and bank accounts. The Custodian shall ensure that appropriate systems and procedures are in place to prevent any activity in such accounts till verification of physical documents is carried out. Only upon receipt and verification of the physical documents by the DDP/ Custodian, the Custodian shall make an application to the Clearing Corporation ('CC') for allotment of a CP Code to the FPI and carry out necessary steps for enabling the FPI to transact in the Indian securities markets. FPIs may use digital signatures for the purpose of execution of CAF and other registration related documents, provided such digital signatures are in accordance with the provisions of the Information Technology Act, 2000. In cases where PAN application by the FPI applicant is made via the CAF portal, the DDP/Custodian may verify the PAN of the FPI basis its availability on the CAF module hosted on the website of the depositories, where the PAN is reflected via an automated secure feed from the Income Tax department. FPI applicant belonging to an existing FPI investor group may ....
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.... regards to an entity from a FATF member country' will mean that the entity has its primary place of business in a FATF member country and, if regulated, is appropriately regulated in a FATF member country. ii. Non-resident Indian (NRI)/overseas citizens of India (OCI)/resident Indians (RI) check - DDP may obtain requisite declaration from applicant for satisfying eligibility criteria under regulation 4 of the Regulations and the conditions mentioned below relating to NRIs, OCIs and/or RIs being constituents of the applicant. Where NRIs or OCI or Rls are constituents of the applicant - a. the contribution of a single NRI or OCI or RI shall be below twenty-five percent of the total contribution in the corpus of the applicant; b. the aggregate contribution of NRIs, OCIs and Ris shall be below fifty percent of the total contribution in the corpus of the applicant. Explanation: The contribution of resident Indian individuals shall be made through the Liberalised Remittance Scheme (LRS) notified by Reserve Bank of India (RBI) and shall be in global funds whose Indian exposure is less than 50%. c. the NRIs, OCIs and RIs shall not ....
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....etails under which the entity has been established - e.g. Government Charter, Act, Legislation, the shareholding pattern provided by the FPI applicant. v. Regulatory check - The DDP may verify if the applicant is regulated or supervised by the securities market regulator or banking regulator and that its registration/license granted by its regulator has not been cancelled and is still valid through any one of the following: a) Obtain a copy of certificate issued by such regulator or; b) verify the registration details directly from the registry or the website of such regulator. Explanation: Certain type of structures in some of the jurisdictions permitted by SEBI in the past shall continue to be considered as appropriately regulated. vi. Any past action taken by FPI applicant's regulator may not necessarily render such an applicant ineligible as long as such action did not result in cancellation of its registration. Further, if an FPI applicant, which is present in multiple jurisdictions, is suspended by one of its foreign regulator and if this suspension does not affect the entity or any of its affiliates' ability to trade in an....
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....idiary and has a bank branch/representative office in India or (ii) a central bank or its subsidiary, the respective DDP shall forward the application form to SEBI. SEBI would in turn request RBI to provide its comments. Based on the comments received from RBI, SEBI would notify the comments of RBI to DDP to consider while processing such applications. No such reference to SEBI/ RBI shall be required for continuance of registration. In case a bank FPI applicant is regulated by the banking sector regulator in its home jurisdiction, but the central bank of that country is not a member of BIS, the FPI can seek registration under Category II. ii. Insurance/Reinsurance entity Insurance and reinsurance entities shall be deemed to be appropriately regulated for the purpose of the Regulations, if they are regulated or supervised by the relevant regulator in their concerned foreign jurisdiction in the same capacity in which they propose to make investments in India. iii. Pension funds Pension funds shall include superannuation or similar schemes that provides retirement benefits to employees/ contributors. iv. Appropriately regulated entities investing on behalf of clients....
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....stment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations mentioning name of Investment Manager for each such registration. Such applicants can appoint different DDPs for each such registration. Investments made under such multiple registrations shall be clubbed for the purposes of monitoring of investment limits. ii. In case of MIM structures, if the entity has already furnished registration details to a DDP at the time of its registration, then, the entity will not be required to again provide the registration details for each new FPI registration under this structure, unless there has been a change in the registration details provided to a DDP earlier. However, such FPI need to provide the name of its Investment Manager at the time of request for new FPI registration along with the confirmation that information provided in earlier application is updated and valid. Such FPIs registered under MIM structure shall have the same PAN. Where the entity seeks registration under this structure with another custodian/DDP, the investor or existing custodian/DDP shall provide certified true copy of the application form to new custodian/DDP. 4....
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....FPI application is rejected by a DDP, the DDP shall mention the reason for such rejection in the database, which would be accessible to all DDPs. 7. Obligations of DDPs i. Infrastructure: Every DDP shall have necessary infrastructure, including adequate office space, adequate and competent manpower and computer systems capability required to discharge its activities as DDP in compliance with Regulations and other guidelines, circulars, issued thereunder. ii. Manual: Every DDP shall have a manual setting out systems and procedures to be followed for the effective and efficient discharge of its functions as a DDP. iii. Monitoring of systems and controls: Every DDP shall have adequate mechanisms for the purposes of reviewing, monitoring and evaluating its controls, systems, procedures and safeguards. 8. Reporting i. Every DDP shall submit to SEBI monthly reports on application received from FPI applicants as per the format set out in Annexure C hereto and such other reports as may be required by SEBI. The report pertaining to a month may be submitted by DDPs to SEBI latest by 10th of the following month. ii. Depository/DDP shall submit to SEBI monthly reports of t....
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....s. ii. DDP shall process such surrender applications post receipt of NOC from the Board and shall issue a confirmation to the FPI in this regard. iii. DDP shall adhere to the following guidelines while processing such applications: a. While making an application to SEBI for seeking "No Objection Certificate" (NOC) for surrender, the DDP shall confirm the following with respect to the FPI: i. Accounts held by the applicant in the capacity of FPI have NIL balance and are blocked for further transactions. Further, the CP code of the FPI is also blocked. ii. There are no dues/fees pending towards SEBI. iii. There are no actions/proceedings pending against the said applicant. b. DDP shall ensure that: i. all the accounts (including bank account and securities account) held by the applicant in the capacity of FPI are closed; and ii. the CP code is deactivated within 10 working days from the date of receipt of NOC from SEBI. 11. Change in Custodian/DDP i. In case, an FPI or its Global Custodian wishes to change the local custodian/DDP, the request for change shall be forwarded to new local custodian/DDP. In case....
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....d to provide the BO details for each fund/sub-fund/share class/equivalent structure that invests in India at the time of continuance of registration. In case of non-submission of BO details within the prescribed timelines, the FPI shall not be allowed to make fresh purchases till the time it is compliant with the said requirement. iii. For deletion of sub-fund/share classes/equivalent structure that invests in India, an intimation should be provided to DDP as soon as possible but not later than seven working days. iv. The FPI shall also ensure that funds/sub funds/share classes/equivalent structure that do not adhere to the above requirement shall not invest in India in future. 13. Reclassification If an FPI registered under a particular category/sub-category fails to comply with applicable eligibility requirements, it shall promptly notify this change to its DDP to be reclassified under appropriate category/sub-category. FPI may be required to provide to the DDP with additional KYC documents, as applicable. The concerned DDP / Custodian shall not allow (block) such FPI to make fresh purchases till additional KYC requirements (if any) are complied with. However, such FP....
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....ulations. However, the FPI shall be allowed to sell the securities or continue to hold the securities already purchased by it. The concerned DDP shall inform to SEBI details of such FPIs upon such change. Further, in case the FPI itself or its underlying investors contributing twenty-five percent or more in the corpus of the FPI or identified on the basis of control, come under the Sanctions List notified by the United Nations Security Council, custodian shall not allow any further buy/sell in the account of such FPI and shall as soon as possible but not later than two working days notify such instances to SEBI. 16. Other Changes relating to FPI i. DDP shall take note of the other changes such as change in Compliance Officer, change in contact details and address and update the records accordingly. PART B - Know Your Client (KYC) Requirements for FPIs FPIs are required to provide KYC related documents based on the category under which it is registered. Once the KYC is completed, the intermediary will upload the Form and supporting documents on the KYC Registration Agencies (KRA) portal for other market intermediaries to access and complete their KYC requirements. Apa....
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....documents, would be submitted to the DDP/ Local Custodian when required by regulator/law enforcement agency/ government departments/ tax authority, etc. However, the Custodian / local intermediary will be required to collect constitution documents and BO related declarations (wherever applicable) of the FPI and also, upload the evidence of KYC reliance on KRA. v. Prospectus and Information Memorandum are acceptable in lieu of an official constitutional document. vi. Valid FATCA / CRS documentations is required to be submitted at the time of account opening. vii. Intermediary can verify the PAN of FPIs online from website authorized by the Income-Tax department. To clarify no certification of PAN document required from FPI. Alternatively, e-PAN issued by CBDT can also be produced by FPI for KYC compliance without requiring any certifications. In such situations where the intermediary is relying on KRA, it shall verify the PAN and download the available documents from KRA. PAN is not mandatory for UBO, senior management and authorized signatories of FPI. viii. PAN is not mandatory for UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India. ....
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..../ Social Security Number/ Passport Number of BO/ any other Government issued identity document number (example driving license) (Please provide any) # # Not required for Category I FPIs. BOs of FPIs having General Partner/Limited Partnership structure shall be identified on ownership or entitlement basis and control basis. ii. Category I FPI registered under Regulation 5(a)(i) are exempt from providing BO details. iii. In respect of FPIs (other than Category I FPI registered under Regulation 5(a)(i)) coming from "high risk jurisdictions" as identified by intermediary, the intermediaries may apply lower materiality threshold of 10% for identification of BO. For category I FPIs (other than registered under regulation 5(a)(i)) from high risk jurisdictions KYC documentation as applicable for category II FPIs need to be collected. iv. The materiality threshold to identify the beneficial owner should be first applied at the level of FPI ....
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....regard to beneficial owner including SMO of FPI. Such information should be made available to intermediaries only on 'need to know basis' using an authentication method wherein an intermediary, can access the information from KRA using the authentication (similar to One Time Password "OTP") after the KRA gets confirmation from the FPI or its Global custodian or Investment Manager. For this purpose, KRAs need to maintain email ids of the FPI and/ or its representative. This functionality will be optional and it will be deactivated only upon receipt of instruction from the FPI to KRA. The Key features as below: a. Up to 3 email ids of the FPI can be recorded with 1 mandatory id and 2 optional email ids b. Download Consent Flag - Yes / No (Default value is set as "Yes") i. 'Yes' means Consent required for download ii. 'No' means download without consent c. Where Download Consent Flag is "Yes", an email with the consent link with decision tab "Approve" or "Reject", will be sent to the authorised representative of FPI (as per the details updated in "a" above), requesting their consent to provide the KYC records to t....
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....sh is required. iv. Name & address of the applicant mentioned on Form, should match with the documentary proof submitted. v. If more than one address is provided, proof should be enclosed. vi. The Global Custodian or the Local Custodian may fill the Form, if authorized through the Power of Attorney (PoA). vii. In person verification is not applicable for a non-individual Client. IPV for individual clients through web camera shall be allowed. viii. Reliance on information available from reliable public sources- In addition to information provided by the client, the intermediaries can rely on documents / information available from reliable public sources (for e.g. websites of Regulators, Exchanges, SROs, Registrars) while collecting documents / information required for an FPI. Attestation of these documents (by way of mentioning the source of the document and signature against the same) may be carried out by a duly authorized official of the Intermediary. No further attestation of such documents is required. ix. List of people authorized to attest the documents: Notary Public, officials of Multinational Foreign Banks or any Bank regulated by Reserve Bank of India (N....
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....of such FPIs to both the depositories. The depositories shall club the investments of such FPIs and ensure that combined holdings of all these FPIs remains below 10% of the total paid up equity capital in a listed or to be listed company on a fully diluted basis at any time. iii. The depositories shall monitor the aggregate investment limits of FPI group based on demat holdings data, daily on an end of day basis. iv. The depositories shall put in place appropriate systems, procedures and mechanisms to capture and maintain the details of FPIs belonging to the same investor group, based on the information provided by the DDPs, from time to time. v. The depositories shall put in place appropriate systems, procedures and mechanisms to monitor the investment limit/ holdings of FPIs belonging to the same investor group. vi. The depositories shall as soon as possible but not later than two working days report the details of those FPIs who are responsible for breach of investment limit to SEBI. vii. FPIs forming part of an investor group may approach the depositories to get information regarding the aggregate percentage holdings of their group e....
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....a full look through basis, up to the level of all natural persons, without any threshold, shall be provided by FPIs that fulfil any of the criteria mentioned below to the respective DDPs in the format specified in the above referred SOP,: a. FPIs holding more than 50% of their Indian equity Assets Under Management (AUM) in a single Indian corporate group; b. FPIs that individually, or along with their investor group (in terms of Regulation 22(3) of the FPI Regulations), hold more than INR 25,000 crore of equity AUM in the Indian markets. Note: I. Economic interest means returns from the investments made by the FPI. II. Ownership interest means ownership of shares or capital of the entity or entitlement to derive profits from the activity of the entity. III. Control shall have the same meaning as mentioned in Regulation 2(f) of the FPI Regulations. xiv. However, FPIs having a broad based, pooled structure with widespread investor base, ownership interest by Government or Government related investors, etc. may not pose significant systemic risk. Further, certain genuine circumstances may also prevent some FPIs from adheri....
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....ng down their holdings to 'NIL' within 180 calendar days from the date of their intimation for surrender, failing which the account of the FPI shall be blocked for purchase as well as sale, and the FPI shall be liable for regulatory action as stipulated by the Board. The modalities for compliance with the above are detailed in the above referred SOP. xv. The constituents of FPI investor group which collectively hold more than INR 25,000 crore of equity AUM in the Indian markets, shall be exempted from making the additional disclosures if the investor group consists of FPIs that qualify for exemption in terms of any of the criteria in Para xiv above and the net equity AUM of the investor group, after deducting the AUM of such exempted FPIs, falls below INR 25,000 crore. After making the aforesaid deductions of AUM of such exempted FPIs, in case the equity AUM of the remaining FPIs of the investor group continues to exceed INR 25,000 crore, only the non - exempted FPIs of the investor group shall be liable for making the disclosures in terms of Para xiii and consequent actions, if any, as stated in the section below. xvi. Also, where the en....
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....an Equity AUM in a single Indian corporate group: 10 trading days from the date on which such FPIs exceed the threshold. Such FPIs shall not make fresh purchases of the equity shares of any company belonging to such Indian corporate group, during the next 30 calendar days from the date on which the FPIs exceeded the threshold. b. FPIs, including their investor group, holding more than INR 25,000 crore of equity AUM in the Indian markets: 90 calendar days from date on which such FPIs exceed the threshold. Accounts of all FPIs, individually or belonging to such investor group, shall be blocked for further equity purchases until the holding is brought below INR 25,000 crore of equity AUM in the Indian markets. c. FPIs required to make disclosures specified in Para xiii above as on the date of applicability of the circular dated August 24, 2023: 90 calendar days from the date of applicability (November 1, 2023). After realignment, in case the FPI's holdings exceed the prescribed threshold on a subsequent date, the timeline for FPI to realign with the limits shall restart from such subsequent date. xxi. FPIs whose investments continue to exceed th....
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....as been explained as under :- Housing of the System A. The system for monitoring the foreign investment limits in listed Indian companies shall be implemented and housed at the depositories (NSDL and CDSL). Designated Depository B. A Designated Depository is a depository which has been appointed by an Indian company to facilitate the monitoring of the foreign investment limits of that company. As defined at Rule 2(y) of Foreign Exchange Management Act (Non-debt Instruments) Rules, 2019 (hereinafter referred as FEMA Rules), the term 'Indian company' means a company incorporated in India. C. The Designated Depository shall act as a lead depository and the other depository shall act as a feed depository. Company Master D. The company shall appoint any one depository as its Designated Depository for the purpose of monitoring the foreign investment limit. E. The stock exchanges (BSE, NSE and MSEI) shall provide the data on the paid-up equity capital of an Indian company to its Designated Depository. This data shall include the paid-up equity capital of the company on a fully diluted basis. F. The depositories shall provide an interface wherein the comp....
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....equity capital of the company on a fully diluted basis to ensure that all foreign investments are in compliance with the foreign investment limits. K. A red flag shall be activated whenever the foreign investment is 3% or less than 3% of the aggregate NRI/FPI limits or the sectoral cap. This shall be done as follows : Aggregate NRI investment limit in the company a. The system shall calculate the percentage of NRI holdings in the company and the investment headroom available as at the end of the day with respect to the aggregate NRI investment limit b. If the available headroom is 3% or less than 3% of the aggregate NRI investment limit, a red flag shall be activated for that company. c. Thereafter, the depositories and exchanges shall display the available investment headroom, in terms of available shares, for all companies for which the red flag has been activated, on their respective websites. d. The data on the available investment headroom shall be updated on a daily end-of-day basis as long as the red flag is activated. Aggregate FPI investment limit of the company e. The system shall calculate the percentage of FPI holdin....
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....es by: a. FPIs, if the aggregate FPI limit is breached b. NRIs, if the aggregate NRI limit is breached c. All foreign investors, if the sectoral cap is breached N. In the event of a breach of the sectoral cap/aggregate FPI limit/aggregate NRI limit, the foreign investors shall divest their excess holding within 5 trading days from the date of settlement of the trades, by selling shares only to domestic investors. Method of disinvestment O. The proportionate disinvestment methodology shall be followed for disinvestment of the excess shares so as to bring the foreign investment in a company within permissible limits. In this method, depending on the limit being breached, the disinvestment of the breached quantity shall be uniformly spread across all foreign Investors/FPIs/NRIs which are net buyers of the shares of the scrip on the day of the breach. P. This method has been illustrated with the help of an example provided below. Table 7 Total shares that can be purchased by foreign investors till sectoral cap is not breached 600 Total quantity purchased by foreign investors on T day 1000 Breach quantity 400 Time ....
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....estment scenario is given below Table 8 Parameter Purchase on T Day Purchase on T+1 Date of breach T day T day Date of trade T day T+1 day Date of detection of breach T+1 day (End of day) T+2 day (End of Day, if T+1 is a settlement holiday T+1 day (End of day) T+2 day (End of Day), if T+1 is a settlement holiday Date of settlement of transaction T+2 day T+3 day, if either T+1 day or T+2 day is a settlement holiday T+3 day T+4 day, if either T+2 day or T+3 day is a settlement holiday Disinvestment time frame 5 trading days from the date of settlement of the transactions which were executed on the day of the breach i.e. 5 trading days from T+2 day If T+1 day or T+2 day is a settlement holiday, then 5 trading days from T+3 day 5 trading days from the date of settlement of the transactions which were executed on T+1 day i.e. 5 trading days from T+3 day If T+2 day or T+3 day is a settlement holiday, then 5 trading days from T+4 day W. In the event the foreign shareholding in a company comes within permissible limit during the time period for disinvest....
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....curities Lending & Borrowing (SLB) or any other framework specified by the Board. Further, sales against open purchases are not permitted for FPIs and FPIs can sell such securities only after their settlement. 6. Investment by FPI through primary market issuances i. As per Regulation 20(7) of the Regulations, the purchase of equity shares of each company by a single foreign portfolio investor or an investor group shall be below ten percent of total paid-up equity capital on a fully diluted basis of the company. ii. To ensure compliance of the above, at the time of finalization of basis of allotment during primary market issuances, Registrar and Transfer Agents ('RTAs') shall use PAN issued by Income Tax Department of India for checking compliance for a single FPI. Also, RTAs should obtain validation from Depositories for the FPI investor group who have invested in the particular primary market issuance to ensure there is no breach of investment limit within the timelines specified by SEBI for issue procedure. iii. Bids by FPIs submitted under MIM structure with the same PAN but with different beneficiary account numbers, Client IDs and DP IDs may not be treated ....
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....10. Allocation of corporate debt limit FPI corporate debt investments are subject to Corporate Debt Investment Limits (CDIL) as announced by RBI from time to time. i. The CDIL shall be available on tap for investment by foreign investors till the overall investment reaches 95% of the CDIL. ii. In the event the overall FPI corporate debt investments exceeds 95% of the CDIL (as indicated by the debt utilisation status updated daily on the websites of NSDL and CDSL), the following procedure shall be followed: a. The depositories (NSDL and CDSL) shall direct the custodians to halt all FPI purchases in corporate debt securities. b. The depositories shall then inform the exchanges (NSE and BSE) regarding the unutilised debt limits for conduct of auction. Upon receipt of information from the depositories, the exchange (starting with BSE) shall conduct an auction for the allocation of unutilised debt limits on the second trading day from the date of receipt of intimation from the depositories. Thereafter, the auction shall be conducted alternately on NSE and BSE. c. The auction shall be held only if the free limit is greater than or equal to INR 100 cr. ....
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....ffices, and corporates shall be 5% of MWPL. Stock Index derivative ii. The position limit in index for Category I FPIs will remain at INR 500 crore or 15% of the total open interest of the market in index futures, whichever is higher, per exchange. In addition, category I FPIs shall take exposure in equity index derivatives subject to the following limits :- (a) Short positions in index derivatives (short futures, short calls and long puts) not exceeding (in notional value) the FPI's holding of stocks. (b) Long positions in index derivatives (long futures, long calls and short puts) not exceeding (in notional value) the FPI's holding of cash, government securities, T bills and similar instruments. iii. The position limit in index derivative for Cat. II FPI shall be as under :- (a) Higher of INR 300 crore or 10% of open interest for cat II FPIs (other than individuals, family offices and corporates). (b) Higher of INR 100 crore or 5% of open interest for Cat II FPIs under subcategory of Individuals, family offices, corporates. iv. The above limits shall be separately applicable for equity index futures and equity index optio....
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....ly basis. d) In case, there is any breach of the threshold limit, the FPI/s whose investment caused the breach shall square off their excess position/s within five trading days or by expiry of contract, whichever is earlier. 13. Participation of FPIs in the Currency Derivatives segment and Position limits for currency derivatives contracts FPIs are permitted to trade in the currency derivatives segment of stock exchanges, subject to terms and conditions as mentioned below: i. Position limits of Category I and II FPIs other than individuals, family offices and corporates: The gross open positions of the above FPIs across all contracts in the respective currency pairs shall not exceed the limits as mentioned below: Currency Pairs Position Limits USD-INR Gross open position across all contracts shall not exceed 15% of the total open interest or USD 100 million, whichever is higher. EUR-INR Gross open position across all contracts shall not exceed 15% of the total open interest or EUR 50 million, whichever is higher. GBP-INR Gross open position across all contracts shall not exceed 15% of the total open interest or GBP 50 million....
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.... currency pair till such time FPI complies with the said requirement. • To take long positions in excess of USD 100 million in all contracts in FCY-INR pairs, FPIs shall be required to have an underlying exposure in Indian debt or equity securities, including units of equity/debt mutual funds v. FPIs are allowed to take positions in the exchange traded cross-currency futures and option contracts in the EUR-USD, GBP-USD and USD-JPY currency pairs and exchange traded currency option contracts in EUR-INR, GBP-INR and JPY-INR currency pairs, subject to terms and conditions as mentioned below Position limits of Category I and II FPIs other than individuals, family offices and corporates: Currency Pairs Position Limits EUR- USD Gross open position across all contracts shall not exceed 15% of the total open interest or EUR 100 million, whichever is higher. GBP- USD Gross open position across all contracts shall not exceed 15% of the total open interest or GBP 100 million, whichever is higher. USD- JPY Gross open position across all contracts shall not exceed 15% of the total open interest or USD 100 million, whichever is higher. ....
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....ing in ETCDs shall be subject to risk management measures applicable, from time to time. iii. Position Limits: • FPIs other than individuals, family offices and corporates may participate in eligible commodity derivatives products as 'Clients' and shall be subject to all rules, regulations and instructions, position limit norms as may be applicable to clients, issued by SEBI and stock exchanges, from time to time. • FPIs belonging to categories viz. individuals, family offices and corporates will be allowed position limit of 20 per cent of the client level position limit in a particular commodity derivative contract. iv. The participation of FPIs including individuals, family offices and corporates shall be subject to compliance with the provisions of SEBI (Foreign Portfolio Investors) Regulations, 2019, SEBI (Custodian) Regulations, 1996, other applicable SEBI circulars on ETCDs and any additional safeguards/ conditions specified by Stock Exchanges/ Clearing Coprorations. 15. Investments by FPIs in REITs, InvITs, AIFs i. FPIs are permitted to invest in units of REITs, InvITs and Category III AIFs in terms of Regulation 21 (....
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....es held by FPIs Where an FPI is not able to sell shares and debt securities for any reason, they can write-off such securities as per below process: (only for FPIs whose registration is not valid or who intend to surrender their registration): i. Custodian to obtain authorization from FPI to write-off securities. The FPI should also provide undertaking that it is giving away all its rights as the beneficial owner of the security(ies). ii. Upon receipt of instruction from FPI, Custodian will extinguish the security from the safekeeping account (held in banks internal books/system) of the FPI - Securities written off should be reported to SEBI and RBI as sale trade with NIL sale proceeds. iii. As securities in the electronic form in the demat account of the FPI cannot be extinguished, custodian shall freeze depository account with reason being 'Write off securities as per client request' in the depository system and intimate such action to Depositories. To facilitate easy identification of such accounts in future depositories may issue guidance to the custodians for making make necessary changes in the existing FPI client 'type/ subtype' ....
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....sible investment by FPI (other than derivatives), for life of ODI Yes None. Separate registration required to undertake any proprietary derivative transactions by such ODI issuing FPI. 2 Cash equity Cash equity on date of writing the ODIs and then move to derivative positions thereafter. No Allowed through separate FPI registration, subject to the above 5% limit. 3 Cash equity Derivative on date of writing the ODI or thereafter except in manner referred at (2) above in table. No None 4 Derivatives Derivatives No Allowed through separate FPI registration, if FPI is holding cash equity and has short future position exactly against the cash equity in the same security (one-to-one basis). FPI to retain the cash equity for the life of ODI. 5 Derivatives Cash equity No None Note: All reference to derivatives above include instruments or contracts or agreements referencing index. An ODI issuing FPI, which hedges its ODI only by investing in securities (other than derivatives) held by it in India, cannot undertake proprietary derivative positions through the same FPI registration. Such FPI must segreg....
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.... the same manner as is being done in the case of FPIs. b) Further, where an investor has investments as FPI and also holds positions as an ODI subscriber, these investment restrictions shall apply on the aggregate of FPI investments and ODI positions held in the underlying Indian Company. In other words, the investment as FPI and positions held as ODI subscriber will be clubbed together with reference to the said investment restrictions. 2. Know Your Client (KYC) norms for ODI subscribers and reporting of suspicious transactions i. KYC requirement table, applicable for ODI subscribers is placed below :- Table 11 Document required ODI subscriber Constitutive Documents Proof of Address Board Resolution Beneficial Owner (BO) of ODI subscriber List Proof of Identity Proof of Address Senior Management (Whole Time Directors/Partners/Trustees etc.) List ii. The ODI issuing FPIs shall maintain with them at all times the KYC documents regarding ODI subscribers and should be made available to SEBI on demand. iii. Offshore Derivative Instrument (ODI) issuing FPIs shall identify and verify the BOs in the ODI subscriber entities....
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....m 1st January 2020 i.e. for the month of December 2019 the report to be filed by 10th January 2020 needs to be in the reporting format as annexed. Table 12 S. No. Heading 1. Monthly Summary Report (MSR)- Statement of Outstanding Positions of Offshore Derivative Instruments (ISIN Wise) as on (last day of previous month) 2. Annexure A - Offshore Derivative Instruments Activity For The Period ( ) 3. Details of Underlying Trade(s) in Indian Market - For the Period of _ to ( Month) - Equity - Annexure B _ Equity 4. Details of Underlying Trade(s) in Indian Market - For the Period of _ to ( Month) - Debt - Annexure B _ Debt 5. Details of Underlying Trade(s) in Indian Market - For the Period of _ to ( Month) - Derivative - Annexure B _ Derivative 6. Details of Underlying Trade(s) in Indian Market - For the Period of _ to ( Month) - Hybrid - Annexure B _ Hybrid 7. Details of Assets Under Management in Indian Market - Equity as on ( Last reporting date of the Month ) - Annexure C _ Equity 8. Details of Assets Under Management in Indian Market - Debt as on ( Last reporting date of the Month )- Annexure C_Debt 9. Details of Assets ....
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.... the due diligence on its own or it may rely upon the due diligence carried out by a bank, which is permitted by RBI to operate in IFSC, during the account opening process of EFI. b) In case of EFIs that are not registered with SEBI as FPI and also not having bank account in IFSC, KYC as applicable to Category II FPI as per the new FPI categorization shall be made applicable. However, PAN shall not be applicable for KYC of EFIs in IFSC. c) In case of participation of FPI in IFSC, due diligence carried out by SEBI registered Intermediary during the time of account opening and registration shall be considered. iii. Segregation of accounts: FPIs, who presently operate in Indian securities market and propose to operate in IFSC also, shall be required to ensure clear segregation of funds and securities. Custodians shall, in turn, monitor compliance of this provision for their respective FPI clients. Such FPIs shall keep their respective custodians informed about their participation in IFSC. iv. Participation in Commodity Derivatives: EFIs/ FPIs may participate in commodity derivatives contracts traded in stock exchanges in IFSC subject to the followin....
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....lowing month in the format specified under: Summary of the applications received and disposed during the month Name of the DDP Application type * Opening balance Receive d during the month Dispose d during the month Pending as on last day of month Average time taken for registration during the month ** No. of application s pending for registration for more than 30 days of receipt of application ** Reasons given regarding application(s) pending for more than 30 days ** * Indicate application type as 1. Fresh Registration 2. Continuance ** Applicable for application type Fresh Registration only. Annexure D Fee report The report pertaining to a month to be submitted by DDPs/Depository to SEBI in the attached format: Fee report Format.xlsx If a DDP has not granted any registration/continuance of registration during the previous month, then it is required to send a "Nil" report. The Bank account details to which the payment of foreign inward....
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.... of ODIs on Hybrid Securitie S * Notional value of ODIs on Derivative S * AUC of FPIs # Notional value of ODIs on Equity, Debt & Hybrid Securites excluding Derivatives as % of B A1 A2 A3 A4 A5 A6 B C *Figures compiled based on reports submitted by FPIs issuing ODIs #Figures compiled based on reports submitted by custodians & does not includes positions taken by FPIs in derivatives. Column A2 is being provided which depicts the Total Value of ODI issued -with underlying as Equity,Debt & Hybrid Securities but excluding derivatives Column A3 is being provided which depicts the Total Value of ODI issued -with underlying as Equity Column A4 is being provided which depicts the Total Value of ODI issued -with underlying as Debt Column A5 is being provided which depicts the Total Value of ODI issued -with underlying as Hybrid Securities. Column A5 is being provided which depicts the Total Value of ODI issued -with underlying as derivatives. Column C is being provided which depicts the Total Value of ODI issued -with underlying as Equit....
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....tion and Resolution of grievances Grievance Redressal Mechanism • Approach the DDP at the designated Investor Grievance e-mail ID with complete details of complaints for redressal of investor grievances in a time bound manner. • The complaint not redressed at DDP level, may be lodged with SEBI on SCORES (a web based centralized investor grievance redressal mechanism at SEBI) @ https://www.scores.gov.in/scores/Welcome.html Annexure I Format of Complaints against DDPs to be displayed on their websites A. Data for the Month ending - S. No Received from Pending at the end of the last month Received during the month Resolved during the month* Total Pending at the end of month ** Complaints Pending > 1 month Average Resolution time^ (in days) 1 Directly from Investors 2 SEBI (SCORES) 3 Stock Exchanges (if relevant) 4 Other Sources (if any) 5 Grand Total  ....
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.... Shri/Mr. as applicable Kumari/Ms. M/s Last Name/Surname First Name Middle Name 2) Abbreviation of the Name, as you would like it, to be printed on the PAN card No 3) Have you ever been known by any other name? Yes (Please tick as applicable) If yes, please give that other name Kumari/Ms. Smt/Mrs. Please select title, as applicable M/s Shri/Mr. Last Name/Surname First Name Middle Name 4) Date of Birth/Incorporation/Agreement/ Formation of body of Individuals or Association of Persons/ Establishment (DD/MM/YYYY) Particulars Date (DD/MM/YYYY) a) Date of Birth/ Incorporation/Agreement/ Partnership or Trust Deed/ Establishment/ Formation of body of Individuals or Association of Persons b) Date of Commencement of Business (Not applicable for Individuals) 5) Place and Country of Birth/ Incorporation/ Establishment/ Formation ISD Country Code: Place Country In case of Foreign Individual applicant, please specify the nationality and passport no. of the applicant: Nationality/ Citizenship: ISD country code: Passport No. 6) Legal Entity Identifier & Tax Residency Certificate det....
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....l Security Number/Passport Number of BO/ any other Government issued (example Driving Licence) [Please provide any] (1) (2) (3) (4) (5) (6) (7) (8) BO Group Percentage Shareholding / Capital/Profit Ownership in the FPIs identity document number Tax Residency Number/Social Security Number/Passport Number of BO/ any other Government issued (example Driving Licence) [Please provide any] Signature of the Applicant b) Does it have few persons or persons of the same family holding beneficial ownership and control? Yes No 9) Income details Code for Business / Profession a) Source of Income: b) Gross Annual Income (in INR): Net worth (Asset less liabilities) (in INR): (DD/MM/YYYY) as on: 10) Occupation Details: For Individuals For Non - Individuals 11) Documents submitted as Proof of Identity (POI) and Proof of Address (POA) for KYC Proof of Identity (POI) Proof of Address (POA) 12) Whether the applicant or the applicant's authorized signatories/ Promoters/ Partners/ Trustees/ Whole Time Directors/Office bearer is Yes No a) A politically exposed person b) Related to a politically exposed person No ....
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....No (If yes, please mention details briefly in below box. For more details, enclose Annexure) 22) Clubbing of Investment Limit We share common ownership, directly or indirectly, of more than fifty percent or common control with other FPIs and are not exempt from regulation 22(4). Details of investor group are as below: Sr. No. Name of FPI/ ODI subscriber with whom the applicant shares, ownership of more than 50% or common control If ODI subscriber, please mention the name of dealing FPI Registration No. of FPI Sr. No. Name of FPI/ ODI subscriber with whom the applicant shares, ownership of more than 50% or common control In case Clubbing of investment limits of FPIs having common control is not being done in case of public retail funds as referred in Regulation 22(4), please provide following details : Sr.No. Name of FPI FPI Registration Number Name of Common Controlling Person 23) Details of Prior association with Indian securities market Whether the applicant was anytime associated with Indian securities market as FPI, FII, sub account, QFI or FVCI ? Yes No Registered/ associated as SEBI Registration No. (if applicable) Name of....
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....other only) Last Name/Surname First Name Middle Name Select the name of either father or mother which you may like to be printed on PAN card (Select one only) Father's Name Mother's Name (please tick as applicable) (In case no option is provided then PAN card will be issued with father's name except where mother is single parent and you wish to apply for pan by furnishing name of the mother only) Signature of the Applicant 36) Spouse Name PART E: Depository & Bank Account Opening 37) Details To Be Obtained For Opening Depository Account a) Authorisation (Name of the DP) to I/We hereby request Depository Participant viz., open Depository account in my/our name as mentioned in the application form. OR I/We is/are non-investing FPI and do not wish to open Depository Account. b)Mode of Operation for Sole/First Holder (in case of joint holdings, all the holders must sign) [applicable to Non-individuals] Any one single Jointly by As per resolution Others (please specify) 38) Bank Account Information: I/We hereby request to open Special Non Resident Rupee Account (SNRA) in my/our name. OR I/We is/are non-inv....
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.... Designation Emp. Branch Signature INSTITUTION DETAILS Name (Institution Stamp) Code INSTRUCTIONS FOR FILLING COMMON APPLICATION FORM (CAF) (a) Common Application Form (CAF) will be available for the FPI applicants on the website(s) of NSDL (www.nsdl.co.in) or (www.fpi.nsdl.co.in) (b) Form should be filled by the applicants in Electronic mode and legibly in BLOCK LETTERS. (c) Each box, wherever provided, should contain only one character (alphabet /number / punctuation sign) leaving a blank box after each word. (d) 'Individual' applicants should affix two recent colour photographs with white background (size 3.5 cm x 2.5 cm) in the space provided on the form. The photographs should not be stapled or clipped to the form. The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form. Since this form is to be submitted in electronic mode, one photograph should be affixed electronically and another to be affixed in the box provided on the right side of the form . (e) Signature / Left hand thumb impression should be provided across the photo affixed on the left side of the form in such a manner that portion ....
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....(Mandatory field) Do not use abbreviations in the First and the Last name/Surname For example, RAVIKANT should be written as: R A VI KANT Last Name/ Surname First Name Middle Name For example SURESH SARDA should be written as: Last Name/ S A DA R Surname First S S U R E Name H Middle Name For example POONAM RAVI NARAYAN should be written as: Last A N AR A Y Name/ N Surname First Name P O N A M O Middle R AV Name I For example, SATYAM VENKAT M. K. RAO should be written as: Last Name/ First Surname R AO S T Y A A M Name Middle V K T K E Name N A M For example, M. S. KANDASWAMY (MADURAI SOMASUNDRAM KANDASWAMY) should be written as: Last Name/ Surname K AN DAS M W A Y First U D R A Name M A I Middle Name S O M A S U ND R A M Applicants other than 'Individuals' may ignore above instructions. Non-Individuals should write their full name starting from the first block of Last Name/Surname. If the name is longer than the space provided for the last name, it can be conti....
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.... for ancestral HUF date can be 01-01-0001 where the date of creation is not available. Individuals or Association persons/ Establishme nt b) Date of Commence ment of Applicable to Non-Individuals only. Date cannot be a future date. Date: 2nd August 1975 should be written as: Date format- DD/MM/YYYY (Mandatory field) Business D D M M Y Y Y Y 0 2 0 8 1 9 7 5 5 Place & Country of birth/ Incorporatio n/ Establishme nt/ Formation This field is mandatory for all categories of applicants. 6 a Legal Entity Identifier Applicant shall furnish Legal Entity Identifier number, if applicable. 6b Tax Residency Certificate Details Applicant shall furnish Tax Residency Certificate no. and Country of Tax Residency. Applicant shall provide multiple tax residency details, if applicable. 7a & 7b Address- Residence/ Registered and Office R - Residence/ Registered Address: For Individuals, HUF, AOP, BOI or AJP, residential address is mandatory. Other applicants should mention their registered address. O - Office Address: 1) Name of Office and address to be mentioned in case of individuals having source of income as salary or Business/profession. [Field no. 9] 2) In case of Fi....
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....er (End Natural Personal) 8 List of values in 'Ultimately holding Beneficial ownership' (drop down box) 1) 10% 2) 15% 3) 25% 4) Others. If Others, Please specify The details required at column no. 8 are exempted for category I applicants as well as Category II applicants with sub category (5)(b)(i) viz., 'Appropriately regulated funds not eligible as Category I FPI. It is mandatory to indicate at least one of the sources of incomes, as mentioned in the form. Income details 9 List of values in 'Source of Income' 1) Salary 2) Capital Gains 3) Income from Business/ Profession 4) No Income 5) Income from other Sources 6) Income from House Property In case, the income from Business/profession is selected by the applicant then an appropriate business/ profession code should be mentioned. Code Business/Profession Code Business profession 01 Medical Profession and Business 11 Films, TV and such other entertainment 02 Engineering 12 Information Technology 03 Architecture 13 Builders and Developers 04 Chartered Accountant/ Accountancy 14 Members of Stock Exchange, Share Brokers and Sub-Brokers 05 Interior Decoratio....
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.... If any proof of identity is in a foreign language, then translation into English is required. List of values in 'Proof of Address' (POA) (drop down box) FOR INDIVIDUALS 1) Passport 2) Driving Licence 3) Voter Identity Card 4) NREGA Job Card 5) Others (any document notified by the central/state government and its Departments, Statutory/Regulatory Authorities, Tax Authorities) FOR NON-INDIVIDUALS 1) Certification of Incorporation/ Formation 2) Registration Certificate 3) Category 1 and Category 2 FPIs: Power of Attorney given by FPI to Custodians (duly notarized and/or apostiled or consularised) that mentions the registered address of the FPI 4) Utility bill, which is not more than two months old, of any service provider (landline or electricity); 5) Bank account statement, Not more than 3 months old Document with address, issued by Central/State Government and its Departments, Statutory/Regulatory Authorities, Tax Authorities. Clarification / Guidelines on filling 'Proof of Address [PoA]-section 1. One copy of any one of the mentioned PoA needs to be submitted. i. Copies of all the documents submitted by the applicant should be sel....
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....nt manager is registered as a Category I foreign portfolio investor; or (B) which is at least seventy-five per cent owned, directly or indirectly by another entity, eligible under sub-clause (ii), (iii) and (iv) of clause (a) of this regulation and such an eligible entity is from a Financial Action Task Force member country: Provided that such an investment manager or eligible entity undertakes the responsibility of all the acts of commission or omission of the applicants seeking registration under this sub-clause. b. "Category II foreign portfolio investor" shall include all the investors not eligible under Category I foreign portfolio investors such as - (i) appropriately regulated funds not eligible as Category-I foreign portfolio investor; (ii) endowments and foundations; (iii) charitable organisations; (iv) corporate bodies; (v) family offices; (vi) Individuals; (vii) appropriately regulated entities investing on behalf of their client, as per conditions specified by the Board from time to time; (viii) Unregulated funds in the form of limited partnership and trusts; Explanation: An applicant incorporated or established in an International Financia....
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....mandatory to attach proof of identity and proof of address with PAN application. Documents should be in the name of applicant. List of documents which will serve as proof of identity and address for each status of applicant is as given below: Documents submitted as proof of Identity (POI) & of proof Address (POA) PAN 31 Document acceptable as proof of identity and address as per Rule 114(4) of Income Tax Rules, 1962 For Individuals and HUF Proof of Identity (Copy of) Proof of address (copy of) 1. Copy of passport, or 1. Copy of passport, or 2. Copy of Person of Indian Origin (PIO) card issued by Government of India, or 2. Copy of Person of Indian Origin (PIO) card issued by Government of India, or 3. Copy of Overseas Citizen of India (OCI) card issued by Government of India, or 3. Copy of Overseas Citizen of India (OCI) card issued by Government of India, or 4. Copy of other national or citizenship Identification Number or Taxpayer Identification Number duly attested by "Apostille" (in respect of countries which are signatories to the Hague Convention of 1961) or by the Indian Embassy or High Commission or Consulate in the country where the applicant is l....
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....3) Divorced 4) Widow/Widower This field is mandatory for individual applicants. Citizenship Status List of values in 'Citizenship Status' (drop down box) 34 1) Foreigner 2) Person of Indian origin 3) Overseas citizen of India For FPI applicants, only Foreigner (Citizenship Status) shall be applicable. In case of Foreigner, please specify country of citizenship as applicable. 35 Details of Parents (Applicable to Individuals only) Instructions in Item No.1 with respect to name apply here. Whether mother is a single parent and you wish to apply for PAN by furnishing mother's name only? It is mandatory for Individual applicants to select the flag (i.e. 'Yes' or 'No'). This flag should be selected as 'Yes' only if (i) Mother is a single parent, and (ii) You wish to apply for PAN using mother's name only. Father's name should be left blank. If the flag is selected as 'No', then father's name is mandatory. For such cases, mother's name is optional. Father's Name: It is mandatory for Individual applicants (except for cases where mother is a single parent) to provide father's name. Married woman applicant should also give father's name and not husband's name....
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....by Securities and Exchange Board of India, Reserve Bank of India or any other authority from time to time under provisions of the Act or any other applicable law. 4) I/we acknowledge the receipt of copy of the document, "Rights and Obligations of the Beneficial Owner and Depository Participant". 5) We authorize custodian to operate the account through Power of Attorney (PoA) and not to receive credits automatically into our account. 6) We authorize custodian to send statement of account in electronic form and we will ensure the confidentiality of the password of the email, as applicable 7) We authorize custodian to maintain appropriate house account details on depository platforms for the purpose of collection of monetary corporate benefits and any other similar activities on our behalf. B: Additional information 1. Separate registration for the purposes of hedging the ODIs with derivatives as underlying in India?(applicable only for Category I) No Yes 2. If segregated portfolio is maintained for each sub-funds or share classes/ equivalent structures of the applicant, names of such sub-funds or share classes/ equivalent structures that intend to invest ....
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....RS) approved by Reserve Bank of India in our funds and our Indian exposure is less than 50%. OR Investments by NRI/OCI/RI in the FPI are not meeting above condition(s) and we confirm that we will meet the condition(s) within two years from the date of registration. OR 3. None of the above restrictions/conditions mentioned in Section A & B are applicable to us as we are/shall be investing only in mutual funds in India through our FPI registration 4. 6. Applicants undertaking investments on behalf of its clients (Applicable only for entities seeking registration under regulation 5(b)(vii)) i. Clients are individuals and/or family offices. ii. Clients are eligible for registration as FPI and are not dealing on behalf of third party. iii. Applicable KYC prescribed by SEBI has been performed on the clients. iv. The complete investor details of its clients is as below and we shall provide the same on quarterly basis (end of calendar quarter) by end of the following month to DDP. Details of client Sr. No Name Country Address Type (Individual/ Family office) 7. Does FPI wish KRAs to seek consent prior to permitting any intermediary to download their K....
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....Signature block for Applicant) Signature(s) of Authorised Person(s) C. UNDERTAKING FROM INVESTMENT MANAGER UNDER REGULATION 5(a)(iv)(II) or 5(a)(v)(A), AS APPLICABLE We ( ) are the Investment manager of ( ) and are responsible for investment activity of the fund. We also undertake that we shall be responsible and liable for all acts of commission and omission of (name of the Applicant) and other deeds and things done by them under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. We continue to meet eligibility requirements as applicable to Category I FPI under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. Place: Date: (Signature block) Signature(s) of Authorised Person(s) D. UNDERTAKING FROM ELIGIBLE CATEGORY I ENTITY UNDER REGULATION 5(a)(v)(B) We ( ), undertake that we shall be responsible and liable for all acts of commission and omission of (name of the Applicant) and other deeds and things done by them under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. We continue to meet eligibility requirements as applicable to Catego....
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....eld by such FPI are exclusively for hedging the ODIs issued and thus disclosed in Annexure-C. Declaration: "We are an ODI issuing FPI covered under _________________________________[Choose one of these: Part D(1)(i), Part D(1)(ii) or Part D(1)(iv).]" “We undertake that the beneficial owner and the person(s) to whom the Offshore Derivative Instrument is issued in compliance with Regulation 21 of SEBI (Foreign Portfolio Investors) Regulations, 2019 and circulars issued thereunder. We also undertake that the KYC compliance norms have been followed for the beneficial owner of the Offshore Derivative Instruments." "We hereby confirm that all derivative position taken/ held by the FPI in India are in compliance with all the applicable requirments mandated by SEBI." "We hereby confrm that, according to the continuing confirmations given to us by the ODI subscribers in writing, the relevant investment limits have been complied with at investor group level by ODI subscribers in accordance with the requirements mandated by SEBI." “We undertake that we/ our associates have not issued/ subscribed/ purchased any of the offshore derivative instruments directly to/ f....
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....for issued ODI issuer FPI is on Short side Date format - dd-mom-yyyy Sr. number is self assigned by issuer - to correspond with the sr. no. on annexure B- equity-debt-derivative-hybrid securites Details of the underlying trade are specified in Annexure B The total of column Q for a particular Reference Securities ISIN/ other available codes to be the outstanding value of ODIs for that ISIN/ Available code in the summary report Flag - if FPI has issued particular ODI to other FPI then insert 1 otherwise 0 SEBI Registration no. of issuer FPI & Name and jurisdiction of the Regulator with whom the ODI subscriber last holder holding the Offshore Derivatives Instruments, is regulated in terms of Regulation 21 of SEBI (FPI) Regulations, 2019 to be mentioned as Regulator - Country name for e.g. Financial conduct Authority - United Kingdom if FPI has issued particular ODI to unregulated broad based funds which were grandfathered then insert "Yes" otherwise "No" ODI issuing FPIs availing the separate registration option under Part D (1)(ii) of this circular shall have the option to input “Not Applicable†for columns K and L considering that all the secur....
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.... FALKLAND ISLANDS (MALVINAS) FAROE ISLANDS FIJI FINLAND FRANCE FRENCH GUIANA FRENCH POLYNESIA FRENCH SOUTHERN TERRITORIES FRENCH WEST INDIES GABON GAMBIA GEORGIA GERMANY GHANA GIBRALTAR GREECE GREENLAND GRENADA GUADELOUPE GUAM GUATEMALA GUERNSEY, CHANNEL ISLANDS GUINEA GUINEA-BISSAU GUYANA HAITI HEARD ISLAND AND MCDONALD ISLANDS HOLY SEE (VATICAN CITY STATE) HONDURAS HONG KONG, SPECIAL ADMINISTRATIVE REGION OF CHINA HUNGARY ICELAND INDIA INDONESIA IRAN (ISLAMIC REPUBLIC OF) IRAQ IRELAND ISLE OF MAN ISRAEL ITALY JAMAICA JAPAN JERSEY, CHANNEL ISLANDS JORDAN KAZAKHSTAN KENYA KIRIBATI KOREA, DEMOCRATIC PEOPLES REPUBLIC OF (N. KOREA) KOREA, REPUBLIC OF (S. KOREA) ....
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....ENISTAN TURKS AND CAICOS ISLANDS TUVALU UGANDA UKRAINE UNITED ARAB EMIRATES UNITED KINGDOM UNITED STATES OF AMERICA UNITED STATES MINOR OUTLYING ISLANDS URUGUAY UZBEKISTAN VANUATU VENEZUELA VIETNAM VIRGIN ISLANDS (BRITISH) VIRGIN ISLANDS (U.S.) WALLIS AND FUTUNA WESTERN SAHARA YEMEN ZAMBIA ZIMBABWE Sheet: Annexure B Equity Details of trades in securities for hedging of ODIs in India - For the Period of ___ to ____( Month) - Equity - Annexure B _ Equity Sr. No. Date of Transaction Name of the Indian Company ISIN of the Indian Security Quantity Value 0 0 Comments (if any) Notes: Sr. No. corresponds to the self generated sr. no. provided in annexure A In case of absence of a serial no. NA has to be entered Date of Transaction format - dd-mon-yyyy Quantity will be positive for Buy transaction and negative for sell transaction To be submitted by 10th of every month ISIN No - ISIN of the underlying Indian Security (Kindly use ....
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.... transaction and negative for sell transaction To be submitted by 10th of every month ISIN No./ other available Code - ISIN of the underlying Indian Security issued by NSDL. FI FS CI CS PI PS IF CD Sheet: Annexure C Equity Details of Assets under management of securities held in India - Equity as on ______ ( Last reporting date of the Month ) - Annexure C _ Equity Sr. No. Name of the Indian Company ISIN of the Indian Security Quantity Value 0 0 Comments (if any) Notes: To be submitted by 10th of every month ISIN No - ISIN of the Indian Security issued by NSDL Sheet: Annexure C Hybrid Securities Details of Assets under management of securities held in India - Hybrid Securities as on ______ ( Last reporting date of the Month ) - Annexure C _ Hybrid Securities Sr. No. Name of the Indian Entity ISIN of the Indian Security Quantity Value 0 0 Comments (if any) Notes: To be submitted by 10th of every month ISIN No - ISIN of the Indian Security issued by NSDL Sheet: Annexure C Debt Details of Assets under management of securities held in India - Debt as on ______ ( Last reporting date of the....