sebi:SO/EFD-2/SD/111/JAN/2017
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Facts / Headnote
Settled qua the applicant; disposes of possible proceedings with no enforcement action for said default
Regulations
- Reg. 17
- Reg. 15(1)
- Reg. 19
- Reg. 10(c)
- Reg. 5(b)
Parties
- Fidelity Funds – Institutional Asia Pacific (Ex-Japan) Fund
Holding
The violations of Regulations 10(c) and 13(1)(a)(i) of FII Regulations and corresponding Regulations 5(b) and 23(1)(c) of FPI Regulations are settled qua the applicant on payment of Rs. 1,20,00,000 towards settlement charges, and SEBI shall not initiate enforcement action against the applicant for the said default.
Full text
Settlement order in respect of Fidelity Funds – Institutional Asia Pacific (Ex-Japan) Fund Page 2 of 2 dated October 21, 2016.
4. Accordingly, the applicant vide Demand Draft no. 720995 dated November 02, 2016, drawn on HDFC Bank, payable at Mumbai has remitted a sum of `1,20,00,000/- (Rupees One Crore Twenty Lakhs only) towards the settlement charges.
5. In view of the same, the violations of Regulations 10(c) and 13(1)(a)(i) of FII Regulations and corresponding Regulations 5(b) and 23(1)(c) of FPI Regulations as discussed above, are settled qua the applicant as per the above terms by way of this order and SEBI shall not initiate any enforcement action against the applicant for the said default.
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Source: SecMarx — sebi:SO/EFD-2/SD/111/JAN/2017. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.