NISM Certifications · NISM-Series-VI: Depository Operations · Foreign Portfolio Investors (FPI)
A foreign portfolio investor wants to open a demat account in India. Through which type of intermediary must the FPI obtain its registration under the SEBI (Foreign Portfolio Investors) Regulations, 2019?
An FPI applies for registration through a Designated Depository Participant, which is approved by SEBI and grants registration on its behalf under the FPI Regulations, 2019. Clearing corporations, RBI offices and registrars do not perform this registration function.
- AA Designated Depository Participant (DDP) approved by SEBICorrect
- BA stock exchange clearing corporation
- CThe Reserve Bank of India regional office
- DThe Registrar and Transfer Agent of the issuer
Explanation
Under the FPI Regulations, 2019, applications for registration are made through a Designated Depository Participant (DDP), which grants registration on behalf of SEBI. Clearing corporations, RBI offices and RTAs have no role in granting FPI registration.
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