9911796707
TMI BlogKnow Your Client RequirementsX X X X Extracts X X X X X X X X Extracts X X X X ..... ntation of aforesaid SEBI Circulars in case of foreign investors viz. Foreign Institutional Investors, Sub Accounts and Qualified Foreign Investors. In consultation with the Stock Exchanges, Depositories and Intermediaries, certain clarifications are issued, as given in Annexure A, with respect to these investors. 3. Further, the intermediaries shall strictly follow the risk based due diligence approach as prescribed by SEBI Master Circular on AML No. CIR/ISD/AML/3/2010 dated December 31, 2010. Also, they shall conduct ongoing client due diligence based on the risk profile and financial position of the clients as prescribed in the Circular. 4. The provisions of this circular are applicable for both new and existing clients. 5. This circu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Identity document duly attested by the entities authorized for the same as per SEBI Circular dated October 5, 2011 or authorised signatories as mentioned at point 1 above may be adequate in lieu of the passport copy. 5 For foreign entities, CIN is optional; and in the absence of DIN no. for the directors their passport copy should be given. CIN no. is provided as an example and requires the client's registration number in its respective country. If the foreign entity does not have CIN, the equivalent registration number of the entity may be mentioned. If it does not have any registration number, then SEBI Registration number may be mentioned. In case the directors (as per point 3 above), of the client do not have an equivalent of DIN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irectly. A. Though it is not mandatory, the intermediaries shall carry out due diligence as per the PMLA and SEBI Master Circular on AML about the financial position of the client. B. List of beneficial owners with shareholding or beneficial interest in the client equal to or above 25% to be obtained. If Global Custodian /Local Custodian provides an undertaking to submit these details, then intermediary may take such undertaking only. Any change in the list to be obtained based on risk profile of the client. 9 Name, residential address, photograph, POI and POA of Partners/Trustees, whole time directors/two directors in charge of day to day operations and individual promoters holding control - either directly or indirectly. A. Not requi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall provide a set of all the executed documents to the client, free of charge. Intermediary shall display these standard documents prescribed by SEBI on its web site, intimate the clients regarding the link and email a copy of the same to the client. 13 Place of incorporation If place of incorporation is not available, Intermediary should take Registered office address/ principal place of business of entity. 14 Date of commencement of business Not applicable 15 Copies of the Memorandum and Articles of Association and certificate of incorporation If FII or Sub Account does not have certificate of Incorporation or Memorandum and Articles of Association, then any reasonable equivalent legal document evidencing formation of entity m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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