Date: 2022-06-21Category: Not ApplicableState: Union GovernmentCountry: India
Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors - Bank account details to which the payment is to be done electronically
**Summary:**
This circular, reference number SEBI/HO/IMD/FPIC/CIR/P/2022/84, issued by the Securities and Exchange Board of India (SEBI) on June 21, 2022, modifies the operational guidelines for Foreign Portfolio Investors (FPIs), Designated Depository Participants (DDPs), and Eligible Foreign Investors. Specifically, it updates the bank account details for remitting SEBI fees in US Dollars to facilitate faster confirmation of remittances.
The new bank account details are as follows:
* **Name of the Bank Account:** Securities and Exchange Board of India
* **Name of Bank, Branch:** ICICI Bank Ltd., Bandra Kurla Complex, Bandra East, Mumbai 400051
* **Bank Account No:** 055501001994
* **IFSC Code:** ICIC0000555
* **MICR Code No.:** 400229029
* **Swift Code No.:** ICICINBBNRI
All other provisions of the Operational Guidelines issued vide SEBI Circular No. IMD/FPIC/CIR/P/2019/124 dated November 05, 2019, remain unchanged. This circular is effective from June 24, 2022, and is issued under the powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992.
For further information, contact Chandrakanta Mitra, Deputy General Manager, at Tel No.: 022-26449548 or via email at cmitra@sebi.gov.in. The circular is available on the SEBI website at www.sebi.gov.in under the "Circulars" section.
Key Entities Referenced
Foreign Portfolio Investors: Refers to investors investing in financial assets of a country
Designated Depository Participants: An intermediary for Foreign Portfolio Investors
Eligible Foreign Investors: A category of foreign investors eligible under specific regulations
Securities and Exchange Board of India: Regulatory body for securities and financial market in India
Securities and Exchange Board of India Act, 1992: The act of parliament that established the Securities and Exchange Board of India and defines its powers and functions.
ICICI Bank Ltd., Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra: The bank and branch where payments related to SEBI fees are to be remitted
Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors: Guidelines issued by SEBI regarding operations for Foreign Portfolio Investors
SEBI Circular No. IMDFPICCIRP2019124: A circular issued by SEBI on November 05, 2019 related to operational guidelines.
CIRCULAR
SEBI/HO/IMD/FPI&C/CIR/P/2022/84
June 21, 2022
To,
1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository
Participants ("DDPs")
2. Designated Depository Participants ("DDPs")/Custodians
Dear Sir / Madam,
Sub: Modification in the Operational Guidelines for Foreign Portfolio Investors,
Designated Depository Participants and Eligible Foreign Investors – Bank account
details to which the payment is to be done electronically
1. ‘Annexure D’ of the ‘Operational Guidelines for Foreign Portfolio Investors,
Designated Depository Participants and Eligible Foreign Investors’, issued vide SEBI
Circular No. IMD/FPI&C/CIR/P/2019/124 dated November 05, 2019 (hereinafter
referred to as ‘the Operational Guidelines’), inter-alia, specifies Bank account details
for remittance of various payment of various SEBI fees in US $.
2. In order to facilitate faster confirmation of remittances by the intermediaries,
necessary arrangement has been made for foreign inward remittances in the
following account:
Name of the Bank Account Securities and Exchange Board of India
Name of Bank, Branch ICICI Bank Ltd.,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400051
Bank Account No. 055501001994
IFSC Code ICIC0000555
MICR Code No. 400229029
Swift Code No. ICICINBBNRI
Page 1 of 23. All other provisions of the Operational Guidelines shall remain unchanged. The
provisions of this circular shall be applicable with effect from June 24, 2022.
4. This circular is issued in exercise of powers conferred under Section 11 (1) of the
Securities and Exchange Board of India Act, 1992.
5. A copy of this circular is available at the web page “Circulars” on our website
www.sebi.gov.in.
Yours faithfully,
Chandrakanta Mitra
Deputy General Manager
Tel No.: 022-26449548
Email id: cmitra@sebi.gov.in
Page 2 of 2