SEBI amends guidelines for foreign investors looking to operate at IFSC
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Markets regulator sebi has amended the guidelines for eligible foreign investors looking to operate at the International Financial Services Centre, IFSC.
According to the new guidelines, a trading member of a stock exchange in the IFSC can now carry out the due diligence for an eligible foreign investor, EFI, who is not registered with the regulator as a Foreign Portfolio Investor, FPI.
The provision has been made for the account opening process of an EFI. Sebi said the guidelines have been amended after discussions with various market participants. #casansaar (Source - NewsonAir)
According to the new guidelines, a trading member of a stock exchange in the IFSC can now carry out the due diligence for an eligible foreign investor, EFI, who is not registered with the regulator as a Foreign Portfolio Investor, FPI.
The provision has been made for the account opening process of an EFI. Sebi said the guidelines have been amended after discussions with various market participants. #casansaar (Source - NewsonAir)
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