SEBI Update – Disclosures of Material Changes and Other Obligations for Foreign Portfolio Investors

SEBI has amend the master circular for Foreign Portfolio Investors to relax timelines for disclosure of material change and events 
‘Type I’ material changes shall be informed by FPIs as soon as possible and within seven working days of the occurrence of the change and the supporting documents (if any) shall be provided within 30 days of such change.

‘Type II’ material changes, i.e., any material changes other than those considered as ‘Type I’ material changes, shall be informed and supporting documents (if any) shall be provided by FPIs as soon as possible and within 30 days of such change.

Link – https://www.sebi.gov.in/legal/circulars/jun-2024/disclosures-of-material-changes-and-other-obligations-for-foreign-portfolio-investors_83939.html