(PTI)
In a relief to FPIs, markets regulator Sebi today extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.
The regulator, in April, had asked Category II and III foreign portfolio investors (FPIs) to provide list of their beneficial owner (BO) in a prescribed format within six months. Now, in a circular issued today, Securities and Exchange Board of India (Sebi) said it has extended the deadline to provide such list to December 31, 2018. The decision comes after Sebi received representations from market participants, seeking review and additional time for complying with the guidelines. BO is the natural person, who ultimately owns or controls an FPI.
