SEBI Sets Stringent Norms for FPIs, Asks to Disclose Changes in Structure, Ownership in 7 Working Days

SEBI Sets Stringent Norms for FPIs, Asks to Disclose Changes in Structure, Ownership in 7 Working Days

Capital markets regulator SEBI has made stringent norms for Foreign Portfolio Investors (FPIs), asking them to disclose any material change in their structure and common ownership within seven working days. With regard to new FPI registrations, the Securities and Exchange Board of India (SEBI) can ask them for any additional…