Designated Depository Participant definition

Designated Depository Participant means a person who has been approved by the Board under Chapter III of these regulations;

Designated Depository Participant means a custodian of securities registered with SEBIwhich is empowered to register and certify foreign portfolio investors on behalf of SEBI;

Designated Depository Participant means a custodian of securities registered with SEBI

Examples of Designated Depository Participant in a sentence

• The FPI is required to obtain certificate of registration from the Designated Depository Participant (‘DDPs’) instead of SEBI.

• The New Regulations provides for the framework for Foreign Portfolio Investors (FPI) and Designated Depository Participant (DDP).

• Registration Criteria FPI RegistrationSEBI provides a single window clearance for FPIs. An entity proposing to register as an FPI must make an application to a Designated Depository Participant ("DDP") in a prescribed form under the FPI Regulations.

• It has been clarified by way of a SEBI circular dated 15 February 2018 that, all FPIs or deemed FPI (as applicable) do not require prior approval of the Designated Depository Participant (“DDP”) in case of addition of classes of shares/sub-fund by the FPI where the common portfolio of Indian securities is maintained across all classes of shares/fund/sub-fund and broad based criteria are fulfilled at portfolio level after addition of share class.

• Copy of SEBI registration certificate (for FII) or Designated Depository Participant registration certificate (forFPI) should be provided 3.

More Definitions of Designated Depository Participant

Designated Depository Participant means Depository Participant(s) service of Stock Broker.

Designated Depository Participant means such Depository Participant(s) as Phillip Commodities may specify in this behalf from time to time.

Designated Depository Participant means Inter-connected Stock Exchange of India Ltd., which is a depository participant of Central Depository Services (India) Ltd. (CDSL) and National Securities Depository Ltd. (NSDL).

Designated Depository Participant means such Depository Participant(s) as PhillipCapital may specify in this behalf from time to time. PhillipCapital is registered as Depository Participant under name “PhillipCapital (India) Pvt. Ltd” with NSDL & CDSL respectively.

Designated Depository Participant means a person who has been approved by SEBI under Foreign Portfolio Investors, Regulations, 2014. A custodian of securities which is registered with SEBI as on the date of commencement of these regulations shall be deemed to have been granted approval as designated depository participant

Designated Depository Participant means a person who has been approved by SEBI under FPI Regulations, 2014. REGISTRATION OF FOREIGN PORTFOLIO INVESTORS Any person shall not buy, sell or otherwise deal in securities as a foreign portfolio investor unless it has obtained a certificate granted by the designated depository participant on behalf of SEBI. Further that a qualified foreign investor may continue to buy, sell or otherwise deal in securities subject to the provisions of these regulations, for a period of one year from the date of commencement of these regulations, or until he obtains a certificate of registration as foreign portfolio investor, whichever is earlier.An application for the grant of certificate as foreign portfolio investor shall be made to the designated depository participant in such form and such fees as prescribed in the regulations.Can the existing Foreign Institutional Investors (FIIs)/Sub Accounts (SA) continue to buy, sell or deal in securities till the expiry of their current registration without payment of conversion fees during the validity of their registration?Yes, The existing FIIs/SAs may continue to buy, sell or deal in securities till the expiry of their current registration. Such FII/SAs shall be required to pay conversion fees on or before the expiry of their current registration. At the time of conversion, the FII must return the certificate of registration in original to the DDP. ELIGIBILITY CRITERIA An applicant desirous of foreign portfolio investor registration should, inter alia, satisfy the following conditions: It should not be resident in India or a Non-Resident Indian. It should be a resident of a country:-- whose securities market regulator is a signatory to IOSCO’s Multilateral MOU or a signatory to a bilateral MOU with SEBI;- whose central bank is a member of the Bank for International Settlements;- against whom the Financial Action Task Force (FATF) has not issued any warnings. It should legally be permitted to invest in securities outside the country of its incorporation or establishment or place of business. It should be authorised by its Memorandum of Association and Articles of Association or equivalent document(s) or the agreement to invest on its own behalf or on behalf of its clients. It must be a fit and proper person as prescribed. the applicant has sufficient experience, good track record, is professionally competent, financially sound and has a generally good reputation of fairness and integrity; the grant of certificate...

Designated Depository Participant means a person who has been approved by SEBI under FPI Regulations, 2014.