SEBI issues circulars prescribing revised norms on Know Your Client requirements for Foreign Portfolio Investors (FPIs) and Eligibility conditions for FPIs
SEBI vide its two separate circulars number CIR/IMD/FPIC/CIR/P/2018/131 and CIR/IMD/FPIC/CIR/P/2018/132 dated September 21, 2018 specified the revised norms on ‘Know Your Client Requirements for Foreign Portfolio Investors’ and ‘Eligibility conditions for Foreign Portfolio Investors’.
SEBI will be shortly issuing another circular on the issue of clubbing of investment limit of Foreign Portfolio Investors. Further, amendments in SEBI (Foreign Portfolio Investors) Regulations, 2014, wherever necessary, will be notified separately in due course.
The copy of the circulars issued by SEBI are available on SEBI website at www.sebi.gov.in