custodians

FPIs: Now, relief from full disclosure won’t be easy for pooled FPIs

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FPIs: Now, relief from full disclosure won’t be easy for pooled FPIs

Mumbai: The Indian capital markets regulator has hardened the conditions under which foreign portfolio investors (FPIs) with outsized exposures would be spared from making full disclosure of the investors in the fund. This was communicated by the Securities & Exchange Board of India (Sebi) to custodians of offshore funds, two persons aware of the regulatory … Read more

FPI: FPI custodians finalise disclosure exemption rules

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FPI: FPI custodians finalise disclosure exemption rules

Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more