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Economy

Finally, some transparency on foreign portfolio investors

Updated : April 27, 2018 12:08 PM IST

Sebi has provided a clearer mechanism for identification and reporting of beneficial ownership of FPIs.
The Sebi action is a relief for Designated Depository Participants, which have consistently faced difficulties while determining beneficial ownership of FPIs and obtaining related KYC documentation.
The regulator has effectively tightened the noose around disclosures made by FPIs in tandem with the measures prescribed under the Prevention of Money Laundering Act, 2002.
Finally, some transparency on foreign portfolio investors

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