sebi:SO/EFD-2/SD/112/JAN/2017
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled on payment of settlement charges; SEBI shall not initiate enforcement action for the said default
Regulations
- Reg. 17
- Reg. 15(1)
- Reg. 19
- Reg. 10(c)
- Reg. 5(b)
Parties
- Fidelity Funds – Institutional Hong Kong Opportunities Pool
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 qua the applicant are settled on payment of Rs. 9,75,000, and SEBI shall not initiate any enforcement action against the applicant for the said default.
Full text
Settlement order in respect of Fidelity Funds – Institutional Hong Kong Opportunities Pool Page 2 of 2 said recommendation of the HPAC and the same was communicated to the applicant vide letter dated October 21, 2016.
4. Accordingly, the applicant vide Demand Draft no. 720996 dated November 02, 2016, drawn on HDFC Bank, payable at Mumbai has remitted a sum of ` 9,75,000/- (Rupees Nine Lakh Seventy Five Thousand 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.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SO/EFD-2/SD/112/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.