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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

Indian regulator relaxes norms for foreign SWFs

Posted on 06 September 2012

Sebi relaxed the Know Your Clients (KYC) norms for various overseas entities including foreign institutional investors, and has done away with in- person verification requirements for non-individual clients. The market regulator has given the clarifications on KYC norms for FIIs, sub-accounts and Qualified Foreign Investors (QFIs).
In a circular, Sebi said that foreign entities such as Sovereign Wealth Fund and overseas government agencies would not be required to provide residential and photograph, among others, to meet KYC norms…………………………………….Full Article: Source


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