The Securities Exchange Board of India (SEBI) on August 06, 2024, issued a consultation paper on investment by Foreign Investors through Segregated Portfolios/P-notes/Offshore Derivative Instruments.
The following has been stated namely: -
• It states that FPIs with over 50% of Indian equity AUM in a single corporate group or equity AUM exceeding INR 25,000 crore are mandatory to provide detailed disclosure of all entities and natural persons holding ownership or control, up to a full look-through basis, to their DDPs.
• It states that to ensure compliance, ODI issuers, DDPs, and Depositories shall monitor FPIs for concentration and size criteria by collecting and reporting detailed investment positions and ownership data daily, with Depositories overseeing compliance across FPIs and ODI subscribers.
• It states that to ensure compliance with ODI hedging and disclosure requirements, it is proposed that ODIs shall be issued exclusively through separate dedicated FPI registrations, prohibiting proprietary investments.
Kindly refer to the attached document for detailed notification.
Public comments are invited on the above-detailed proposals by August 27, 2024, through the following link: https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do ?doPublicComments=yes.
