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The Tax PublishersSEBI--Circular
Circular No. SEBI/HO/AFD/AFD-POD-2/P/CIR/2024/19, dtd. 20-3-2024
Amendment to Circular for Mandating Additional Disclosures by FPIs that Fulfil Certain Objective Criteria
1. SEBI vide Circular No. SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148, dated August 24, 2023 mandated additional disclosures for FPIs that fulfil objective criteria as specified in the said Circular. Further, FPIs satisfying any of the criteria listed under Para 8 of the said Circular were exempted from the additional disclosure requirements, subject to conditions specified in the said Circular.
2. In this regard, in addition to the criteria listed under Para 8 of the said Circular dated August 24, 2023, it has been decided that an FPI having more than 50% of its Indian equity AUM in a corporate group shall not be required to make the additional disclosures as specified in Para 7 of the said Circular, subject to compliance with all of the following conditions:
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