FPI custodians finalise disclosure exemption rules

FPI custodians finalise disclosure exemption rules

Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more

FPIs and custodian banks get more time on stake disclosure

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Sebi laid down the basic reporting framework in a circular issued in October 2020. In March and April 2021, NSDL told custodians that the reporting of ODI subscribers and DR holders would be effective from May 17, 2021. Synopsis By May, custodian banks — which are multinational financial services groups holding securities on behalf of … Read more