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Govt notifies that Rule 9(1A) of Prevention of Money-laundering (PML) (Maintenance of Records) Rules, 2005 shall not be applicable to Foreign Portfolio Investor (FPI)

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 4th January, 2022

G.S.R. 5(E).—In exercise of the powers conferred by sub-clause (i) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government in consultation with the regulatory authority, namely the Securities and Exchange Board of India, in the public interest and in the interest of the regulated entity, namely the Foreign Portfolio Investor, hereby directs that the provisions of sub-rule (1A) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall not apply to the Foreign Portfolio Investor.

Rule 9(1A) of PML (Maintenance of Records) Rules, 2005 not applicable to FPI

[F. No. P-12011/3/2020-ES Cell-DOR]
ARVIND SARAN, Director

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