Circular No. SEBI/HO/AFD/AFD–PoD– 2/CIR/P/2023/148; Dated: 24.08.2023
SEBI has mandated the criteria for submission of additional disclosures by foreign portfolio investors under the FPIs norms. As per the criteria, details of all entities holding any ownership, economic interest, or exercising control in the FPIs need to be provided by certain FPIs.
These are FPIs that hold more than 50% of their Indian equity AUM in a single Indian corporate group and FPIs that individually, or along with others hold more than Rs. 25000 crore of equity AUM in the Indian markets. The provisions of this circular shall come into force w.e.f 01.11.2023.
Refer Link : Circular No. SEBI/HO/AFD/AFD–PoD– 2/CIR/P/2023/148; Dated: 24.08.2023
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