Amendments to FPI regulations relax timelines for disclosure of material changes. Check out the latest circular for details.

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Full Text of the Document

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....The circular addresses the disclosure requirements for Foreign Portfolio Investors (FPIs) regarding material changes and obligations. Amendments to SEBI regulations relax timelines for disclosure. 'Type I' material changes must be reported within 7 working days and include critical changes affecting FPI eligibility or privileges. 'Type II' changes must be reported within 30 days. DDPs assess changes and may require fresh registration for 'Type I' changes. Delayed disclosures must be reported to SEBI. Deletion of sub-funds investing in India is a 'Type II' change. The circular is issued u/s 11(1) of SEBI Act, 1992 and Regulations 22 and 44 of FPI Regulations to protect investor interests and regulate the securities market.....