SEBI Circular on Modification  in the Operational  Guidelines  for  Foreign  Portfolio  Investors, Designated Depository Participants and Eligible Foreign Investors–Bank account details to which the payment is to be done electronically– 21st June, 2022

SEBI, vide its Circular dated 21^st June, 2022 made necessary arrangement to facilitate  faster confirmation of foreign inward remittances by the intermediaries in the following account :-       

It is to be noted that the change has been made in reference to SEBI Circular dated 05^th November, 2019 on Operational  Guidelines  for  Foreign  Portfolio  Investors, Designated Depository Participants and Eligible Foreign Investors’ where SEBI specified Bank account details for remittance of various payment of various SEBI fees in US $. Further all other provisions of the Operational Guidelines shall remain unchanged.

The provisions of this Circular is applicable with effect from 24^th June, 2022.