Guidelines for participation/functioning of Eligible Foreign Investors (EFIs) and FPIs in International Financial Services Centre (IFSC)

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..... tors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities ("Custodians"). 3. All DDPs/ Custodian of Securities. 4. The Depositories (NSDL and CDSL) Sir/ Madam, SUBJECT: Guidelines for participation/functioning of Eligible Foreign Investors (EFIs) and FPIs in International Financial Services Centre (IFSC). 1) Pursuant to announcement m .....

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..... in IFSC, shall be permitted, without undergoing any additional documentation and/or prior approval process. b. In case of participation of FPIs in IFSC, a trading member of the recognized stock exchange in IFSC, may rely upon the due diligence process already carried out by a SEBI registered intermediary during the course of registration and account opening process in India. c. In case of par .....

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..... other authority of law. f. EFIs shall abide by all the applicable Indian laws viz. Rules/Regulations/Circulars/Guidelines etc. in IFSC issued by the Government of India/RBI/SEBI or any other authority of law, from time to time. g. It has now been decided to delete the words "a foreign portfolio investor," in the definition of the term "intermediary" in clause (g) of Guideline 2 (1) of the SEBI .....

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