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Sebi makes stringent disclosure norms for foreign investors
Millennium Post Delhi
|March 18, 2023
‘With regard to new FPI registrations, Sebi can ask them for any additional documents which may be required’
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NEW DELHI: Capital markets regulator Sebi has made stringent norms for Foreign Portfolio Investors (FPIs), asking them to disclose any material change in their structure and common ownership within seven working days.
With regard to new FPI registrations, the Securities and Exchange Board of India (Sebi) can ask them for any additional documents which may be required, according to a notification.
Under the new rules, FPIS will inform Sebi and designated depository about any false or misleading information about change in material respect and any change in their structure or control within seven working days in writing.
This story is from the March 18, 2023 edition of Millennium Post Delhi.
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