SEBI has issued Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors. The following compliances are mandated for FPIs:
- All non-individual FPIs shall provide their LEI details in the Common Application Form (“CAF”), used for registration, KYC and account opening of FPIs. b)All existing FPIs (including those applying for renewal) that had not already provided their LEIs to their DDPs, had do so within 180 days from the date of issuance of circular dated July 27, 2023, failing which their account were to be blocked for further purchases until LEI is provided to their DDPs.
- All fresh registration shall be carried out upon receipt of the FPIs’ respective LEI details.
- FPIs are required to ensure that their LEI is active at all times. Accounts of FPIs whose LEI code has expired / lapsed shall be blocked for further purchases in the securities market till the time the LEI code is renewed by such FPIs.
- DDP shall submit report on FPIs non-compliant with Legal entity identifier requirements on a quarterly basis to SEBI. DDP shall submit the report on SEBI Intermediary Portal (SI Portal). The reports shall be uploaded within 15 calendar days from the end of each quarter.
