Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19
Summary
SEBI extends the temporary relaxation in processing documents for Foreign Portfolio Investors (FPIs) due to COVID-19 until August 31, 2020. This extension applies to the relaxations previously prescribed in Circular No. SEBI/HO/FPI&C/CIR/P/2020/056 dated March 30, 2020. All other terms and conditions from the original circular remain unchanged.
Text
it has been decided that the temporary relaxations shall be extended to August 31, 2020.
All other terms and conditions specified in the aforesaid circular dated March 30, 2020 shall remain unchanged.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Sub-rule 14(i) of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
DDPs & Custodians are requested to bring the contents of this circular to the notice of their FPI clients.
Source: SecMarx — Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.