Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria
Summary
SEBI amends the FPI Master Circular to increase the equity AUM threshold for mandatory additional disclosures from INR 25,000 crore to INR 50,000 crore. This amendment modifies specific sub-paragraphs in Parts C and D of the existing circular regarding size criteria. The changes apply to Foreign Portfolio Investors and similar entities subject to these disclosure requirements.
Text
SEBI has mandated additional disclosures for FPIs holding more than INR 25,000 crore of equity AUM in Indian markets under the FPI Master Circular.
The threshold under the size criteria is increased from INR 25,000 crore to INR 50,000 crore.
sub-para (xiii)(b) of Para 1 of Part C stands modified accordingly.
sub-para (xv) of Para 1 of Part C stands modified accordingly.
sub-para (xx)(b) of Para 1 of Part C stands modified accordingly.
sub-para (i)(b) of Para 4 of Part D stands modified accordingly.
sub-para (iv) of Para 4 of Part D stands modified accordingly.
sub-para (ix)(b) of Para 4 of Part D stands modified accordingly.
The provisions of this circular shall come into force with immediate effect.
This circular is issued in exercise of powers conferred under Section 11(1) of the SEBI Act, 1992 read with Regulations 22(1), 22(6), 22(7) and 44 of SEBI (FPI) Regulations, 2019.
Source: SecMarx — Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.