Management and advisory services by AMCs to Foreign Portfolio Investors

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... m, Subject: Management and advisory services by AMCs to Foreign Portfolio Investors 1. Consequent to the notification of SEBI (Foreign Portfolio Investors) Regulations, 2019 (hereinafter referred as FPI Regulations ), Regulation 24 (b) of SEBI (Mutual Funds) Regulations, 1996 (hereinafter referred as MF Regulations ) pertaining to Restrictions on business activities of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l funds; c. Appropriately regulated FPIs wherein (a) or (b) above hold more than 50% of shares/ units. Further, for agreements entered into by the AMCs on or before the date of this Circular, to provide management and advisory services to such FPIs which are not falling under the above categories, the AMCs may continue to provide the services, for the period as mentioned in the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X