The Securities and Exchange Board of India (Sebi) modified operational guidelines for the designated depository participant (DDP) and foreign portfolio investors (FPIs).
The market regulator said in a circular, the guidelines have been modified pertaining to certificate of registration for FPIs and change in their name.
As per the revised guidelines, the designated depository participant shall grant the certificate of registration, containing registration number generated by Sebi.
“The DDP shall issue a letter and fresh registration certificate to such applicant acknowledging the change in name,” Sebi said.
The new guidelines will be applicable from May 9.
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Sebi on January 14, 2022 had notified a circular under SEBI FPI Amendment Regulations 2022 for generation of FPIs registration number by the market regulator.