Can an entity obtain more than one FPI registration (similar to the one allowed for MIM structures in the FII regime)?
Modified on: Sat, 7 Oct, 2017 at 11:45 AM
Yes. In the foreign institutional investor (FII) regime, wherever an entity engages Multiple Investment Managers (MIM structure) it can obtain multiple registrations with SEBI. However these applicants are required to appoint the same local custodian. Further, investments made under such multiple registrations are clubbed for the purpose of investment limits. The same position shall continue in the FPI regime.
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