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Operational Guidelines for Designated Depository Participants

CIRCULAR

CIR/IMD/FIIC/02/2014                            January 08, 2014 

To,

1. All Custodians of Securities
2. All Foreign Institutional Investors through their designated Custodians of Securities
3. Depository Participants through Depositories
4. All Depositories
5. All Recognized Stock Exchanges

Dear Sir/ Madam,

Sub: Operational Guidelines for Designated Depository Participants

The SEBI (Foreign Portfolio Investors) Regulations, 2014 (“the Regulations”) have been notified on January 07, 2014.

Pursuant to the implementation of Foreign Portfolio Investor (“FPI”) regime, SEBI approved Designated Depository Participants (“DDPs”) would grant registration to FPIs on behalf of SEBI and also carry out other allied activities in compliance with Regulations and other guidelines, circulars, issued thereunder.

It has been decided in consultation with various market participants to issue the operational guidelines to facilitate registration of FPIs by DDPs on behalf of SEBI. The same is annexed herewith.

This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

The circular is available on SEBI website at www.sebi.gov.in under the categories “Legal framework” and “information for – FII”.

Yours faithfully,

S. Madhusudhanan
Deputy General Manager
+91-22-26449614
smadhu@sebi.gov.in

Click on the link below to read the full circular and the SEBI (Foreign Portfolio Investors) Regulations, 2014 Operational Guidelines for Designated Depository Participants

Tags: Depository participantExchange Board of India ActInstitutional investorSEBISecurities & Exchange Board of IndiaSecurities and Exchange Board of India Act 1992Security (finance)Stock exchange

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