SEBI Circular on “Modification in the Operational Guidelines for FPIs”

Modification in the Operational Guidelines for FPIs, DDPs and EFIs pertaining to FPIs registered under Multiple Investment Managers (MIM) structure:

Based on requests received from various market participants, SEBI has decided to replace clause (i) of Para 4 of Part A of the Operational
Guidelines as follows:

“Where an entity engages multiple investment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations
mentioning name of Investment Manager for each such registration. Such applicants can appoint different DDPs for each such registration. Investments made under such multiple registrations shall be clubbed for
the purposes of monitoring of investment limits”

Leave a Reply