Sebi taps custodians for beneficial ownership data from neighbour nations

As per Sebi norms, threshold for identification of beneficial owners of FPIs on controlling ownership interest is 25% in the case of companies, 15% for partnership firms

The Securities and Exchange Board of India (Sebi) has reached out to custodians to provide information on beneficial owners from neighbouring countries, including China.

In April, the regulator had reached out to custodians asking for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries. In May, it had asked them to separately identify foreign portfolio investors who have beneficial owners from mainland China, Hong Kong and Taiwan.

Market players said Sebi wants to keep itself updated on the data on ‘beneficial ownership’ to ensure there isn’t any disproportionate investment coming from neighbouring countries.

“It is possible that the