Eligibility criteria for qualified depository participant.

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..... /14/2011 and Cir/IMD/FII C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFI) were allowed to invest in schemes of Indian mutual funds and Indian equity shares subject to terms and conditions mentioned therein, including opening a demat account with qualified Depository Participant. The eligibility criteria for a SEBI registered Depository Participant .....

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..... o comply with the FATF Standards, Prevention of Money Laundering (PML) Act, Rules and SEBI circulars issued from time to time; and 2.5. DP shall obtain prior approval of SEBI before commencing the activities relating to opening of accounts of QFI. The eligibility criteria for qualified Depository Participant as contained in SEBI circulars dated August 9, 2011 and January 13, 2012 stands amen .....

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..... ) for both investment as well as re-investment out of redemption proceeds in schemes of Indian mutual funds. 5. Further, in partial amendment to clause 4.7.8, it has been decided to allow credit of dividend payments to QFIs on account of investment in schemes of Indian mutual funds held by them to the single rupee pool bank account subject to the condition that in case dividend payments are cre .....

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