Standard Operating Procedure for seeking additional disclosures from certain objectively identified Foreign Portfolio Investors (FPIs)

SEBI vide circular no.: SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148 dated August 24, 2023 (hereinafter referred to as ‘August 24 SEBI circular’), has mandated obtaining additional granular disclosures of entities/ individuals having any ownership, economic interest, or control rights in the FPI that have either concentrated single corporate group exposures and/ or significant overall holdings in their India equity investment portfolio.

To harmonize the procedure amongst all FPIs / DDPs / Custodians / Depositories / Stock Exchanges / Clearing Corporations, this Standard Operating Procedure (SOP) has been prepared by these stakeholders, in consultation with SEBI, to achieve uniformity in implementation of procedure.

If you need further information, please contact your dedicated client services or relationship manager of Securities Services business at BNP Paribas.