SEBI amends categories of foreign portfolio investor. The Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 7th April, 2020
Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020
No. SEBI/LAD-NRO/GN/2020/09. In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of Section 11 and sub-sections (1) and (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992, and under Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India hereby, makes the following regulations, to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, namely,—
(1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020.
(2) They shall come into force on the date of their publication in the Official Gazette.
(3) In the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
I. In regulation 5, in clause (a), in sub-clause (iv), after the words ―”member countries” and before the words ―”which are” the words and symbol ―, “or from any country specified by the Central Government by an order or by way of an agreement or treaty with other sovereign Governments,” shall be inserted.
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./01/2020]
Footnote:
1.The Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 were published in the Gazette of India on September 23, 2019 vide No. SEBI/LAD-NRO/GN/2019/36
2. The Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 were subsequently amended on, –
(1) 19th December, 2019 by Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/44.
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