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TMI BlogObligations and responsibilities of designated depository participantsX X X X Extracts X X X X X X X X Extracts X X X X ..... oard in writing, if any information or particulars previously submitted to the Board are found to be false or misleading, in any material respect; (c) forthwith inform the Board in writing, if there is any material change in the information previously furnished by him to the Board; (d) furnish such information, record or documents to the Board and Reserve Bank of India, as may be required, in relation to his activities as a designated depository participant; (e) ensure that only registered foreign portfolio investors are allowed to invest in securities market; (f) ensure that foreign portfolio investor does not have opaque structure(s): 3 [Explanation 1. - For the purposes of this clause, opaque structure shall mean any structure such as (i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, findings of inspections or investigations for which action may have been taken or is in the process of being taken by any regulator against a designated depository participant, the designated depository participant shall bring such information forthwith, to the attention of the Board, depositories and stock exchanges; (i) be guided by the relevant circular on Anti-Money Laundering or Combating the Financing of Terrorism specified by the Board from time to time. (2) The designated depository participant engaged by an applicant seeking registration as foreign portfolio investor shall:-- (a) ascertain at the time of granting registration and whenever applicable, whether the applicant forms part of any investor group; (b) open a dematerializ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it was read as, equity shares 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2018 /58 dated 31-12-2018 before it was read as, Explanation 1.- For the purposes of this clause, opaque structure shall mean any structure such as protected cell company, segregated cell company or equivalent, where the details of the ultimate beneficial owners are not accessible or where the beneficial owners are ring fenced from each other or where the beneficial owners are ring fenced with regard to enforcement: Provided that the foreign portfolio investor satisfying the following criteria shall not be treated as having opaque structure: (i) the applicant is regulated in its home jurisdiction (ii) each fund or sub fund in the applicant satisfies broad b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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