Operational Guidelines For Designated Depositary Participants

The FPI candidate must submit a duly filled prescribed application form – CAF and ‘Annexure to CAF’ (Annexure B) along with the required documents and applicable fees for SEBI registration and issuance of PAN.

The application form must bear all original signatures. In cases where the form is incomplete or lacks clarity, the DDP will advise the applicant to provide the necessary information within a reasonable timeframe.

DDP may satisfy itself on any incremental due diligence requirement to process the application under the Regulation. The other intermediaries dealing with FPIs may rely on the information in CAF for the purpose of KYC.