INDIA: India FII and Sub Account Registration guidelines

Friday April 30 2010

The Securities and Exchange Board of India (SEBI) has issued additional clarifications on the submission of declarations/undertakings by Foreign Institutional Investors (FIIs) and sub-accounts. India FIIs and Sub-accounts are required to ensure that all submissions in relation declarations/undertakings submitted are in accordance with SEBI`s clarification.

All applications submitted to SEBI for registration w.e.f 07 April 2010 must be accompanied by declarations and undertakings on the letter head of respective FII, duly signed by its authorised signatory on behalf of itself and all its Sub Accounts.

Existing Foreign Institutional Investors and Sub Accounts who are already registered as on April 07, 2010, are required to provide the said declarations and undertakings on or before 30th September 2010.

Click on the above link for more details.