Markets regulator Sebi on Thursday issued operational guidelines for Foreign Venture Capital Investors (FVCIs) outlining procedures for registration, compliance, and investment activities
Also, the Securities and Exchange Board of India has issued operational guidelines for Designated Depository Participants (DDPs).
The guidelines are aimed at helping FVCIs and DDPs transition smoothly to the amended FVCI regime, which will come into effect on January 1, 2025.
Under the guidelines, Sebi has outlined procedures for FVCI registration, compliance, and investment activities and also specified the role of DDPs.
The regulator has set a deadline of March 31, 2025, for all existing FVCIs to engage with a DDP. Failing to do so will restrain FVCIs from making any new investments.
“Existing FVCIs shall engage a DDP, to avail its services for conducting due diligence with respect to continuance of registration as an FVCI, by March 31, 2025.
“Any FVCI failing to engage a DDP by March 31, 20
| Subscribe To Our Free Newsletter |
