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Depository participants to have proper infra facilities- Sebi

Mumbai, Market regulator Sebi today asked depository participants to set up adequate infrastructure and put in place an appropriate monitoring system to ensure proper functioning of the Foreign Portfolio Investors (FPI) regime.

Designated Depository Participants (DDPs), who would grant registration to FPIs on behalf of the regulator, are required to submit periodic reports about this new class of investor category to Sebi.FPIs will encompass all Foreign Institutional Investors, their sub-accounts and Qualified Foreign Investors.