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SEBI Circular mandating additional disclosures by Foreign Portfolio Investors that fulfil certain objective criteria
This alert summarizes a recent Circular released by the Securities and Exchange Board of India, dated 20 March 2024 (March 2024 Circular) amending the SEBI Circular dated 24 August 2023 (August 2023 Circular) which mandated additional disclosures by Foreign Portfolio Investors (FPIs) that fulfilled certain objective criteria. The March 2024 Circular is in furtherance to the consultation paper released by SEBI for public comments on 27 February 2024.
The Circular shall come into force with effect from 20 March 2024..