Accordingly, with a view to further streamlining the process of registration of FIIs, it has been decided that all prospective FII applicants shall submit the fees as prescribed in the SEBI(Foreign Institutional Investor) Regulations,
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
The SEBI (Central Database of Market Participants) Regulations, 2003 were notified on November 20, 2003. Pursuant to clause (g-) of sub regulation (1) of Regulation 2 of the Regulations, SEBI has appointed the National Securities Depositories Limited (NSDL), as the designated service provider for the purposes of the said regulations.
