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TMI BlogGeneral obligations and responsibilities of foreign portfolio investorsX X X X Extracts X X X X X X X X Extracts X X X X ..... rmation or particulars previously submitted to the Board or designated depository participant are found to be false or misleading, in any material respect; (c) forthwith inform the Board and designated depository participant in writing, if there is any material change in the information 4 [ including any direct or indirect change in its structure or ownership or control, ] previously furnished by him to the Board or designated depository participant; (d) as and when required by the Board or any other government agency in India, submit any information, record or documents in relation to its activities as a foreign portfolio investor; (e) forthwith inform the Board and the designated depository participant, in case of any penalty, pending lit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmon ownership, directly or indirectly, of more than fifty percent. or common control shall be treated as being part of the same investor group and the investment limits of all such entities shall be clubbed at the investment limit as applicable to a single foreign portfolio investor. (3A) Notwithstanding anything contained in sub-regulation (3), the clubbing of investment limit of foreign portfolio investors having common control shall not be applicable where: (i) the foreign portfolio investors are appropriately regulated public retail funds; or (ii) the foreign portfolio investors are public retail funds majority owned by appropriately regulated public retail fund on look through basis; or (iii) foreign portfolio investors are public ret ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f India (Foreign Portfolio Investors) (Amendment) Regulations, 2018, w.e.f. 05-04-2018. Prior to substitution, clause (i) read as under: (i) provide any additional information or documents as may be required by the designated depository participant to ensure compliance with the Prevention of Money Laundering Act, 2002 and rules and regulations prescribed thereunder, Financial Action Task Force standards and circulars issued from time to time by the Board. 4. Inserted vide Notification No. SEBI/LAD-NRO/GN/ 2018 /58 dated 31-12-2018 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2018 /58 dated 31-12-2018 before it was read as, (3) In case the same set of ultimate beneficial owner(s) invest through multiple entities, such entities shall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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