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TMI BlogAmendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteriaX X X X Extracts X X X X X X X X Extracts X X X X ..... d Clearing Corporations 5. Registrars to an Issue and Share Transfer Agents 6. Listed Companies Dear Sir / Madam, Subject: Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria 1. SEBI vide Circular No. SEBI/ HO/ AFD/ AFD-PoD-2/CIR/P/2023/148 dated August 24, 2023 mandated additional disclosures for FPIs that fulfil objective criteria as specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve apex companies having no identified promoters shall be made public by Depositories. ii. The FPI holds not more than 50% of its Indian equity AUM in the corporate group, after disregarding its holding in the apex company (with no identified promoter). iii. The composite holdings of all such FPIs (that meet the 50% concentration criteria excluding FPIs which are either exempted or have disclosed) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3% cumulative limit for the apex company continues to be met through the said 10 trading days. 5. All other provisions specified in the said Circular dated August 24, 2023 shall remain unchanged. 6. For FPIs that met the objective criteria specified under Para 7(a) of the said Circular dated August 24, 2023 , as on October 31, 2023 and neither realigned their portfolio within the specified time-pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 22(7) and 44 of SEBI(FPI) Regulations, 2019 to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. 10. This circular is available at www.sebi.gov.in under the link LEGAL Circulars . Yours faithfully, Manish Kumar Jha Deputy General Manager Tel No.: 022 26449219 E-mail: [email protected] - Circular - Trade Notice - Public No ..... X X X X Extracts X X X X X X X X Extracts X X X X
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