| 1. | Replaced clause (i) of Para 4 of Part A of the Operational Guidelines | “Where an entity engages multiple investment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations mentioning name of Investment Manager for each such registration. Such applicants can appoint different DDPs for each such registration. Investments made under such multiple registrations shall be clubbed for the purposes of monitoring of investment limits” | Where an entity engages multiple investment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations mentioning name of Investment Manager for each such registration. There should be external investment managers in case of MIM structures and such applicants can appoint different DDPs for each such registration. Investments made under such multiple registrations shall be clubbed for the purposes of monitoring of investment limits. | Due to this amendment, the requirement which previously was for entities who wants to obtain multiple FPI registrations mentioning name of Investment Manager for each such registration to have external investment managers in case of MIM structures have been removed. |
