Regulation 3 - Application for grant of certificate as a foreign portfolio investor - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019

CHAPTER II REGISTRATION OF FOREIGN PORTFOLIO INVESTORS Application for grant of certificate as a foreign portfolio investor. 3. (1) No person shall buy, sell or otherwise deal in securities as a foreign portfolio investor unless it has obtained a certificate granted by a designated depository participant on behalf of the Board. Explanation An offshore fund floated by an asset management company that has received no-objection certificate in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 , shall be required to obtain registration as a foreign portfolio investor, for investment in securities in India, within one hundred and eighty days from the date of notification of these regulations. (2) An application for the grant of certificate as a foreign portfolio investor shall be made to a designated depository participant in the Form 1 [ and manner ] specified by the Government or the Board from time to time and shall be supported by the fee specified in Part A of the Second Schedule 1 [ and any documents in the manner specified by the Board from time to time ] . ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/128, dated 14.03.2023