{"id":6624,"date":"2024-01-24T10:39:09","date_gmt":"2024-01-24T05:09:09","guid":{"rendered":"https:\/\/bigbreakingwire.in\/sebi-grants-extension-fpis-get-additional-time-for-compliance-with-ownership-disclosure-norms\/"},"modified":"2024-01-24T14:48:11","modified_gmt":"2024-01-24T09:18:11","slug":"sebi-grants-extension-fpis-get-additional-time-for-compliance-with-ownership-disclosure-norms","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/sebi-grants-extension-fpis-get-additional-time-for-compliance-with-ownership-disclosure-norms\/","title":{"rendered":"SEBI Grants Extension: FPIs Get Additional Time for Compliance with Ownership Disclosure Norms"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>SEBI, the market regulator in India, had initially mandated FPIs with over 50% of their Indian equity AUM in a single group or holding more than Rs 25,000 crore AUM to provide additional ownership disclosures.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Recently, SEBI extended the deadline for offshore funds to liquidate holdings if they fail to disclose investor data by January 29, offering an additional seven months for compliance.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Sources indicate that the number of FPIs needing enhanced disclosures is expected to be significantly less than the estimated Rs. 2.6 lakh crore mentioned in SEBI&#8217;s consultation paper.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Notably, there is no immediate deadline or obligation for offshore funds to liquidate their holdings.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>SEBI clarified that there is no risk of Minimum Public Shareholding (MPS) violation in concentrated FPI holdings in companies with no identified promoter.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>High-risk FPIs with over 50% concentration in a single corporate group are also required to provide additional disclosures.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>FPIs now have an extended six-month period beyond the initial deadline to reduce their holdings, ensuring a smoother transition to compliance with SEBI&#8217;s ownership norms.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI, the market regulator in India, had initially mandated FPIs with over 50% of their Indian equity AUM in a single group or holding more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,31,29,616,619],"tags":[634,587,69,249],"class_list":["post-6624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-brokerage-reports","category-business","category-finance","category-stock-in-news","category-stocks-in-news","tag-fiis","tag-fpi","tag-india","tag-sebi","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/01\/GEWSQ0vbwAA3u-o.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-1IQ","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=6624"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/6623"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=6624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=6624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=6624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}