TaxTMI 
TaxTMI 
Ease of regulatory compliances for FPIs investing only in Government Securities
X X X X Extracts X X X X
X X X X Extracts X X X X
....s Dear Sir / Madam, Subject: Ease of regulatory compliances for FPIs investing only in Government Securities 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 as amended from time to time (hereinafter referred to as the 'FPI Master Circular'), inter ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ecurities under Fully Accessible Route shall not be required to furnish investor group details." 3.2. Following sub-para shall be added after sub-para (ii)(d) of Para 1 of Part A: "da. The provisions mentioned at a to c above shall not apply to 'FPIs investing only in Government Securities' (hereinafter referred to as "GS-FPIs"). However, they shall be subject to the provision that con....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ble to GS-FPIs." 3.4. Following sub-para shall be added after sub-para (i)(c) of Para 14 of Part A: "(d) However, in case of GS-FPIs, all material changes (both Type I and Type II) shall be informed and supporting documents (if any) shall be provided by such FPIs as soon as possible and within 30 days of such change." 3.5. In order to facilitate a mechanism for transition between re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....chanisms in place to ensure assets other than Government Securities cannot be held in such demat account of the FPI. iv. Similarly, a GS-FPI may also transition to a regular FPI by making appropriate declaration to their DDPs. For such transition, the GS-FPI shall provide incremental information and submit documents as are applicable to a regular FPI. From the date of transition becoming ....