Who is the regulator of Credit Rating Agencies and recently approved new KYC norms for foreign portfolio investors

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	SEBI
B	CCI
C	NABARD
D	RBI
E	None

Explanation:

Detailed explanation-1: -As per Regulation 2(h) of SEBI FPI Regulations, a ‘foreign portfolio investor’ means a person who satisfies the eligibility criteria prescribed under regulation 4 and has been registered under Chapter II of FPI regulations and shall be deemed to be an intermediary in terms of the provisions of SEBI Act.

Detailed explanation-2: -Regulated by SEBI, the FPI regime is a route for foreign investment in India. The FPI regime came as a harmonised route of foreign investment in India, merging the two existing modes of investment, that is, Foreign Institutional Investor (’FII’) and Qualified Foreign Investor (’QFI’).

Detailed explanation-3: -SEBI circular for KYC Registration Agency (KRA), April 2022 The circular, dated April 6, 2022, requires the KRAs (SEBI KYC Registration Agencies) to verify the KYC records of clients within two days of the document being received.

Detailed explanation-4: -All stock brokers are registered with SEBI in terms of the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992. During 1996-97, 391 brokers were registered with SEBI making the total number of stock brokers registered with SEBI to 8, 867 as on March 31, 1997.

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