SEBI Simplifies Registration Process for Certain Foreign Portfolio Investors
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- Last Updated on 14 November, 2024
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Circular No. SEBI/HO/AFD/AFD-PoD-3/P/CIR/2024/156; Dated: 12.11.2024
SEBI has simplified the registration process for certain foreign portfolio investors (FPIs). FPIs may be provided with an option to fill out the entire Common Application Form (CAF) or an abridged version of CAF, i.e., a version of CAF where applicants fill only those fields that are unique to them. If the applicant opts for this abridged version of CAF, the remaining fields shall either be auto-populated from the information available in the CAF module or disabled, as applicable.
Further, while using the available information, explicit consent to use the same and a confirmation that all the details other than those mentioned in the abridged version of CAF remain unchanged must be obtained from the applicant.
Designated Depository Participants (DDPs), upon receipt of information from the applicant, must update the details in CAF against the application number of the applicant for future reference purposes. They must also ensure that the CAF module hosted on the website of the Depository reflects complete information and facilitates seamless fetching of the same. The circular shall come into force after 3 months from the date of the circular.
Click Here To Read The Full Circular
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