What are Sebi’s UBO norms for FPIs and what needs to be done to save licence?
The deadline for Foreign Portfolio Investors (FPIs) to comply with Ultimate Beneficial Ownership (UBO) norms ends on Monday, September 9, failing which fund operators can lose their FPI licence. UBO regulations mandate FPIs to comply with the enhanced disclosure norms regarding ownership, economic interest and control. Citing sources, ET Now reported that only a small … Read more
