SEBI eases access norms for investment by Foreign Portfolio Investors

SEBI in consultation with stakeholders has decided to make certain changes in extant regulatory provisions to ease of access norms for investment by Foreign Portfolio Investors such as Discontinuance of requirements for seeking prior approval from SEBI in case of change in local custodian/ Designated Depository Participant (DDP), placing reliance on due diligence carried out by erstwhile DDP at the time of change of Custodian/ DDP of FPIs, etc.

February 16th, 2018