SEBI (Circular nos. Cir/IMD/DF/14/2011 dated August 09, 2011, Cir/IMD/FII&C/3/2012 dated January 13, 2012 and CIR/IMD/FII&C/4/2012 dated January 25, 2012) on review and in consultation with the Government of India (GoI) and RBI has revised the framework of QFI investing in Equity Shares and Mutual Fund schemes as under:
QFI shall mean a person who is;
Resident in a country that is a member of Financial Action Task Force (FATF) or a member of a group which is a member of FATF; and
Resident in a country that is a signatory to IOSCO's MMOU (Appendix A Signatories) or a signatory of a bilateral MOU with SEBI.
(Ref: Circular No. NSDL/POLICY/2012/0060 dated June 7, 2012)
In addition to Specimen copy of cheque, investors can now submit to Participant any one or more of the below mentioned documents as proof to capture bank details in the depository account:
Cancelled cheque
Copy of Bank Statement
Copy of Bank Passbook
Letter from Bank
The aforesaid documents must contain Bank Name, Branch Address, IFSC/MICR code, Name of account holder and Account Number to be acceptable as proof for bank details.
(Ref: Circular No. NSDL/POLICY/2012/0060 dated June 7, 2012)
NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. A training programme is conducted by NSDL for Participant's staff followed by NISM-Series VI-DOCE online test conducted by NISM. In June 2012, NSDL conducted 10 such training programmes at Chennai, Kolkata, Mumbai and New Delhi which were attended by 341 persons nominated by various Participants.
