Re-check FPI eligibility when ownership or status changes

Trace each reported change in ownership, category, jurisdiction or regulatory status to supporting documents, refreshed beneficial-owner details and same-day sanctions screening. An authorised DDP signatory can accept the change, require fresh registration or restrict trading before an ineligible investor keeps buying.

Starts when

FPI or its global custodian sends an intimation of a Type I or Type II material change, name change or GS-FPI/SWAGAT-FI transition
KRA unsolicited-download alert or KYC review shows changed ownership or documents
FPI's legal entity identifier (LEI) lapses or its jurisdiction is reported as non-compliant

People in the process

FFPI ServicesProcess Owner
CComplianceParticipating Team
CCustodianParticipating Team

The process is a starting point. The standards are yours.

Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

Compliance

Reconcile client funds and cover any shortfall the same day

Compare client money at the bank, clearing member and clearing corporation with client credit balances, and trace every break to a timing difference, wrong allocation or misuse. Finance can fund any shortfall the same day it is found while Compliance reports it and closes the break with evidence.

Margin Operations

Report client margin only as actually collected

Reconcile each client's collateral and collection records with the margin file and the clearing corporation's rejection or shortfall report, and classify every difference. Margin Operations can submit corrected files before the cut-off and avoid both short-collection penalties and false reporting.

RCC

Brokerage Operations

Repay failed client payouts to the right account

Join the client's payout request, running-account balance, bank payment and return reference to find whether the account or the amount went wrong. Brokerage Operations can re-pay correctly from the designated client bank account, update the ledger and tell the client what settled.

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Order for the work. Room for the people.