TMI BlogKnow Your Client Requirements for Eligible Foreign InvestorsX X X X Extracts X X X X X X X X Extracts X X X X ..... ertain clarifications were issued on 'Know Your Client' requirements in case of foreign investors viz. Foreign Institutional Investors, Sub Accounts and Qualified Foreign Investors. This circular is issued in partial modification to the provisions of circular dated September 5, 2012. 2. Eligible foreign investors investing under Portfolio Investment Scheme ('PIS') route shall be classified as Category I, II and III as provided in Annexure A. The intermediary shall follow risk based Know Your Client norms. Accordingly, certain clarifications are hereby issued, as given in Annexure B, based on the category of these investors. 3. Eligible foreign investors investing under PIS route shall be subject to KYC review as and wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d) University Funds and Pension Funds e) University related Endowments already registered with SEBI as FII/Sub Account III. All other eligible foreign investors investing in India under PIS route not eligible under Category I and II such as Endowments, Charitable Societies/Trust, Foundations, Corporate Bodies, Trusts, Individuals, Family Offices, etc. Annexure B Document Type Category - I Category - II Category - III Entity Level Constitutive Docs Required Required Required ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r head Photographs Exempt Exempt Exempt Authorized Signatories List Signatures Required - List of Global Custodian ('GC') signatories can be given in case of POA to GC Required - List of GC signatories can be given in case of POA to GC Required Proof Of Identity Not required Not required Required Proof of Address Not required Not required Not required ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
