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Citi Securities first to register an FPI via CAF

The CAF is an online form that enables FPIs to register with Sebi, obtain a permanent account number as well as open a bank account and dematerialised securities account in India.

ET Bureau|
Last Updated: Mar 05, 2020, 08.09 AM IST
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The online portal of NSDL facilitated the FPI registration.
MUMBAI: Citi Securities Services became the first designated depository participant in India to register a foreign portfolio investor (FPI) through the common application form (CAF), supporting ease of doing business in India, according to a Citi release. The CAF is an online form that enables FPIs to register with Sebi, obtain a permanent account number as well as open a bank account and dematerialised securities account in India. “CAF automates, simplifies and consolidates multiple requirements,” said Aditya Sharma, head of Prime, Futures & Securities Services, Citi, South Asia. The online portal of NSDL facilitated the FPI registration.

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