Circular regarding modification in operational guidelines for FPIs and DDPs pursuant to amendment in SEBI (Foreign Portfolio Investors) Regulations, 2019 (dated – 04.08.2021) – SEBI
View PdfCircular regarding modification in operational guidelines for FPIs and DDPs pursuant to amendment in SEBI (Foreign Portfolio Investors) Regulations, 2019 (dated – 04.08.2021) – SEBI
- For operationalizing the aforementioned amendment to the SEBI (Foreign Portfolio Investors) Regulations, 2019, the Explanation provided under Para 2 (ii) (b) of Part A of the Operational Guidelines for FPIs and DDPs, issued vide circular dated November 05, 2019, stands modified as below:
- “Explanation: The contribution of resident Indian individuals shall be made through the Liberalized Remittance Scheme (LRS) notified by Reserve Bank of India and shall be in global funds whose Indian exposure is less than 50%.”
- DDPs and Custodians are requested to bring the contents of this circular to the notice of their clients.
- This circular is issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992.
- A copy of this circular is available at the web page “Circulars” on our website sebi.gov.in.
