To ensure greater transparency, Sebi has mandated enhanced disclosures for a certain class of Foreign Portfolio Investors (FPIs), including furnishing details about ownership and economic interests.
In addition, the regulator has tweaked rules pertaining to the eligibility criteria for FPIs.
“A foreign portfolio investor that fulfils the criteria specified by the board from time to time shall provide information or documents in relation to the persons with any ownership, economic interest or control, in the foreign portfolio investor,” Sebi said in a notification amending the rules on Thursday.
The information or documents will be provided in the manner specified by the Securities and Exchange Board of India (Sebi).
Further, applicants with investors contributing 25 per cent or more in the corpus that are mentioned in the Sanctions List by United Nations (UN) Security Council are ineligible for registration as FPIs, the regulator had said in June.
The Prevention of Money Launderin
Posts in category Business Standard
Sebi amends rules; enhances disclosure requirements for certain FPIs (11-08-2023)
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Helios Capital gets Sebi’s approval to launch mutual fund business (11-08-2023)
Helios Capital has received capital markets regulator Sebi’s approval to launch a mutual fund business, Samir Arora, the main founder of the company announced.
Helios Capital Management PTE Ltd, which is the business of portfolio management services, applied for a mutual fund licence with the Securities and Exchange Board of India (Sebi) in February 2021.
“I am very happy to announce that Sebi has granted approval to Helios Mutual Fund…We need your wishes and support to make this new venture a success,” Arora, who is also the fund manager at Helios Capital, wrote at X platform, formerly known as Twitter, on Thursday.
After quitting Alliance Capital 20 years ago, Arora is re-entering the 43-player mutual fund industry. He was the Chief Investment Officer of Alliance Capital’s Indian mutual fund business.
In September 2022, Helios Capital received Sebi’s in-principle approval to float the mutual fund business.
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