"Exchange specifies that DMA facility can be extended to the... FPI investors," BSE said in a circular.
As per BSE, all provisions of the stock exchange in respect of DMA facility would be applicable to the FPIs.
The bourse would provide the direct market access facility (DMA) facility across all FPI categories. FPIs have been divided into three categories as per their risk profile. Category I includes government and government-related investors such as central banks, governmental agencies, sovereign wealth funds and international or multilateral organisations or agencies.
Category II FPI includes appropriately regulated broad-based funds such as mutual funds, investment trusts, insurance/reinsurance companies, regulated persons such as banks, asset management companies, investment managers advisors, portfolio managers.
Besides, this category includes broad-based funds that are not appropriately regulated but whose investment manager is appropriately regulated, university funds and pension funds as well as university related endowments already registered with the board as FPI or sub-accounts.
Category III class of FPI are all other entities not eligible under Category I and II such as endowments, charitable societies, charitable trusts, foundations, corporate bodies, trusts, individuals and family offices.
FTIL to now <g data-gr-id="76">call</g> itself ‘63 Moons Technologies’
Jignesh Shah-led Financial Technologies (India) Ltd on Wednesday proposed to change its name to 63 Moons Technologies Ltd as it seeks to reinvent itself in the wake of the NSEL crisis. FTIL was once a pioneer in exchange technology business but eventually got booted out of the commodity and stock exchanges it had set up, after the group’s spot exchange for agriculture products NSEL got embroiled in a Rs 5,600 crore payment default case.