INDIA: SEBI Requests Details of Common Beneficial Owners of India FIIs

Wednesday May 9 2012

It has been reported that the Securities and Exchange Board of India (SEBI) has requested for information to be communicated to them in order to ascertain FII groups having common ultimate/ end beneficial ownership with all current registered FII or sub accounts; or who are in the process of registration. For this purpose, India FIIs should consider all such entities having direct or indirect common shareholding/ beneficial ownership/ beneficial interest of more than 50 per cent, as a part of their group.

The information must be sent to SEBI by May 31, 2012.

This information will be updated as more details become available