- Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2016 dated 08th July, 2016.In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) and Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India has hereby amended the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.
In regulation 22, for sub-regulation (2), the following shall be substituted, namely,-
“(2)A foreign portfolio investor shall ensure that any transfer of offshore derivative instruments issued by or on behalf of it, is made subject to the following conditions:
- such offshore derivative instruments are transferred to persons subject to fulfilment of sub-regulation (1); and
- prior consent of the foreign portfolio investor is obtained for such transfer,except when the persons to whom the offshore derivative instruments are to be transferred to are pre-approved by the foreign portfolio investor.”
- Securities And Exchange Board of India (Listing Obligations And Disclosure Requirements)(Second Amendment) Regulations, 2016.In exercise of the powers conferred by section 11, sub section (2)of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42of 1956),the Securities and Exchange Board of India hereby amends the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, after Regulation 43, SEBI has inserted Regulation 43A namely “Dividend Distribution Policy”.
