SEBI approves MF to offer advisory services to regulated FPIs
Dec 17 2019
News Category: Industry Update
In its latest circular dated Dec 16, 2019, the Securities and Exchange Board of India (SEBI) has given a go-ahead to asset management companies to offer management and advisory services to government owned foreign entities. AMC may provide these services to government and government related investors, appropriately regulated entities including pension funds, banks and insurance entities. Fund houses can also offer such services to regulated FPIs, where more than 50% of the shares are owned by government and government related investors and regulated entities including pension funds, banks and insurance.