 "Sebi")
The Securities and Exchange Board of India (Sebi) has notified stricter timelines of just seven working days for foreign portfolio investors (FPIs) to disclose vital information. This could include informing their custodians about any false or misleading information about the fund or disclosing any change in structure or common ownership, or control of the investor group.
The new changes have been brought into effect from March 14 through a notification amending the Sebi (FPIs) Regulations.
The existing regulations said FPIs had to inform the designated depository participant “forthwith”, which now has been replaced by “as soon as possible but not
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