NO PERSONAL VERIFICATION REQUIRED FOR FIIs

The Securities and Exchange Board of India (SEBI) has relaxed the Know Your Clients (KYC)
norms for various overseas entities including Foreign Institutional Investors (FIIs) and has
done away with in person verification requirements for non-individual clients. This would be applicable for Sovereign Wealth Fund, foreign governmental agency, international or multilateral organization and Central or State Government pension fund, among others.