| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
HANSBERGER GLOBAL INVESTORS,INC.
|
|
|
DELAYED REPORTING OF CHANGE OF NAME OF SUB ACCOUNTS TO SEBI VIOLATING REGULATION 13(1) (E) OF SEBI (FII) REGULATIONS, 1995
|
IMPOSED PENALTY RS.2,00,000
21-MAY-2012
|
|
| 22 |
|
|
INDIA FOCUS CARDINAL FUND
(PAN:AABCI9518D)
|
|
|
DID NOT SATISFY THE CRITERIA OF BROAD BASED FUND VIOLATING REGULATION 6(1) (D) OF FII REGULATIONS, 1995
DID NOT ADHERE TO SEBI CIRCULAR CIR/IMD/1/2010 DATED 15/04/2010
|
IMPOSED PENALTY RS.5,00,000
31-JUL-2018
|
|
| 23 |
|
|
JP MORGAN INDIA INVESTMENT TRUST PLC
|
|
|
ALLEGED DELAY IN INTIMATING NAME CHANGE OF SUB-ACCOUNT FROM J.P.MORGAN FLEMING INDIA INVESTMENT CO.(MAURITIUS) LTD.TO J.P.MORGAN INDIAN INVESTMENT TRUST PLC
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
30-DEC-2008
|
|
| 24 |
|
|
JP MORGAN INVESTMENT MANAGEMENT INC.
|
|
|
ALLEGED FAILURE IN NOTIFYING CHANGE OF SUB-ACCOUNT FROM J.P.MORGAN FLEMING EMERGING MARKETS EQUITY FUND TO J.P.MORGAN EMERGING MARKETS EQUITY FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
18-AUG-2009
|
|
| 25 |
|
|
JYSKE INVEST FUND MANAGEMENT A/S
|
|
|
DID NOT INFORM SEBI IN STIPULATED TIME ABOUT NAME CHANGE FROM JYSKE INVEST ADMINISTRATION A/S TO JYSKE INVEST FUND MANAGEMENT A/S
|
IMPOSED PENALTY RS.2,00,000
21-MAY-2009
|
|
| 26 |
|
|
MARATHON–LONDON GLOBAL INVESTMENT TRUST I,THE
|
|
|
ALLEGED DELAY IN INFORMING SEBI ABOUT CHANGE OF ITS NAME AS REQUIRED UNDER REGULATIONS 10(C) OF SEBI (FII) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,06,597 VIDE CONSENT ORDER)
31-OCT-2018
|
|
| 27 |
|
|
MERRILL LYNCH CAPITAL MARKETS ESPANA S.A.,S.V.
|
|
|
ALLEGED INDULGENCE IN TRADING IN CASH AND F&O SEGMENT DURING MAY, 2004 ON BEHALF OF CLIENTS WHICH WERE MOSTLY HEDGE FUNDS AND ALSO EXECUTING TRADES IN THEIR PROPRIETARY ACCOUNT VIOLATING REGULATIONS 20 AND 20 A OF SEBI (FII) REGULATIONS, 1995, CLAUSES 1,2,5 AND 6 OF CODE OF CONDUCT AS SPECIFIED IN REGULATION 7A OF SEBI (FII) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.60,00,000 VIDE CONSENT ORDER)^CO^13-MAY-2011
|
|
| 28 |
|
|
NEW STAR EMERGING MARKETS FUND
|
|
|
ALLEGED DELAY IN INFORMING SEBI ABOUT NAME CHANGE FROM WORLD INVEST EMERGING MARKETS FUND TO NEW STAR EMERGING MARKETS FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
08-SEP-2009
|
|
| 29 |
|
|
RBS ASIA LTD.
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE IN RESPECT OF REGISTRATION OF CLIENTS, ISSUED PARTICIPATERY NOTES WITHOUT COMPLYING WITH KYC DIRECTIVES/INSTRUCTIONS/GUIDELINES, UNDERTOOK SHORT SALES IN TWO SCRIPS AND DID NOT PROVIDE CLIENT INFORMATION TO SEBI VIOLATING REGULATIONS 7A(2),15(3)(A),15A(1) AND (2),20 AND 20A OF SEBI (FII) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.60,00,000 VIDE CONSENT ORDER)
24-JUN-2010
|
|
| 30 |
|
|
SECURITY INVESTORS,LLC.
|
|
|
ALLEGED DELAY IN INFORMING SEBI IN STIPULATED TIME ABOUT NAME CHANGE FROM SECURITY MANAGEMANT COMPANY, LLC TO 6TH AVENUE INVESTMENT MANAGEMENT COMPANY, LLC AND THEREAFTER FROM 6TH AVENUE INVESTMENT MANAGEMENT COMPANY, LLC TO SECURITY INVESTORS, LLC
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,25,000 VIDE CONSENT ORDER)
22-SEP-2009
|
|
| 31 |
|
|
SOCIETE GENERALE
|
|
|
DID NOT PROVIDE TRUE, FAIR AND COMPLETE DETAILS OF ODIS/PNS ACTIVITY UNDERTAKEN BUT ALSO PROVIDE PRIMA FACIE INCORRECT INFORMATION TO SEBI
DID NOT ASCERTAIN WHETHER ENTITY TO WHICH ODIS ISSUED ONWARD ARE REGULATED
DID NOT EXERCISE DUE DILIGENCE IN OBSERVANCE OF “KNOW YOUR CLIENT” DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
SHOW CAUSE NOTICE ISSUED
DIRECTED NOT TO ISSUE/SUBSCRIBE OR OTHERWISE TRANSACT IN ANY FRESH/NEW OFFSHORE DERIVATIVE INSTRUMENTS TILL SUCH TIME IT PROVIDES TRUE AND CORRECT REPORTING OF ITS TRANSACTIONS TO SEBI
15-JAN-2010
|
SEBI VIDE ITS ORDER DATED 30/12/2010 REVOKED EX-PARTE INTERIM ORDER DATED 15/01/2010 AND DIRECTED SOCIETE GENERALE TO ISSUE OFFSHORE DERIVATIVE INSTRUMENTS STRICTLY IN COMPLIANCE WITH THE REGULATORY REGIME. ANY MISREPRESENTATION OR WRONG REPORTING BY SOCIETE GENERALE OF ITS OFFSHORE DERIVATIVE INSTRUMENTS ACTIVITY,IN FUTURE, WOULD BE VIEWED SERIOUSLY
|
| 32 |
|
|
STATE STREET GLOBAL ADVISORS FRANCE
|
|
|
ALLEGED DELAY IN INFORMING SEBI IN STIPULATED TIME ABOUT NAME CHANGE FROM STATE STREET GESTION SA TO STATE STREET GLOBAL ADVISORS, FRANCE AS REQUIRED UNDER REGULATION 10 (C) OF SEBI(FII) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
22-FEB-2010
|
|
| 33 |
|
|
SWISS FINANCE CORP.(MAURITIUS) LTD.
(Along with : UBS SECURITIES ASIA LTD.)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES RELATED TO "KNOW YOUR CLIENT" AS PRESCRIBED UNDER FII REGULATIONS
DID NOT FURNISH REQUISITE INFORMATION, RECORDS OR DOCUMENTS RELATED TO ACTIVITIES AS A FOREIGN INSTITUTIONAL INVESTOR
DID NOT DISCLOSE INFORMATION CONCERNING TERMS OF AND PARTIES TO OFFSHORE DERIVATIVE INSTRUMENTS RELATED TO SECURITIES LISTED OR PROPOSED TO BE LISTED IN INDIA
FAILED TO MAINTAIN HIGH STANDARDS OF INTEGRITY FAIRNESS AND PROFESSIONALISM AS REQUIRED UNDER FII REGULATIONS
|
PROHIBITED FROM ISSUING AND/OR RENEWING ANY OFFSHORE DERIVATIVES RELATED TO INDIAN SECURITIES MARKET FROM 17-MAY-2005 TO 16-MAY-2006
DIRECTED TO ESTABLISH HIGHEST STANDARDS OF CUSTOMER DUE DILIGENCE PROCESS
17-MAY-2005
SETTLEMENT ( SETTLEMENT CHARGES RS.50,00,000, LEGAL EXPENSES RS.17,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
09-FEB-2009~
|
SAT: IMPUGNED ORDER SET ASIDE
APPLICANT AGREED TO PAY RS.50,00,000 TOWARDS SETTLEMENT CHARGES AND RS.17,50,000 TOWARDS LEGAL & ADMINISTRATION CHARGES, AS PER CONSENT ORDER (REFERENCE APPEAL NO.6956 OF 2005 DATED 09/02/2009 WITH SUPREME COURT OF INDIA)
|
| 34 |
|
|
TANTALLON FUND,THE
|
|
|
ALLEGED FAILURE IN FULFILMENT OF BROAD BASED FUND CRITERIA VIOLATING REGULATION 10(C) OF SEBI (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.55,02,421, PAID TO IEPF RS.33,467 VIDE CONSENT ORDER)
28-MAR-2019
|
|
| 35 |
|
|
TCW GALILEO FUNDS,INC.
|
|
|
DELAYED REPORTING OF CHANGE OF NAME OF FOREIGN INSTITUTIONAL INVESTORS FROM TCW GALILEO FUNDS INC.TO TCW FUNDS INC.UNDER REGULATION 10 (C) OF SEBI (FII) REGULATIONS, 1995
|
IMPOSED PENALTY RS.5,00,000
31-MAR-2009
|
|
| 36 |
|
|
UBS AG
(Along with : UBS SECURITIES ASIA LTD.)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES RELATED TO "KNOW YOUR CLIENT" AS PRESCRIBED UNDER FII REGULATIONS
DID NOT FURNISH REQUISITE INFORMATION, RECORDS OR DOCUMENTS RELATED TO ACTIVITIES AS A FOREIGN INSTITUTIONAL INVESTOR
DID NOT DISCLOSE INFORMATION CONCERNING TERMS OF AND PARTIES TO OFFSHORE DERIVATIVE INSTRUMENTS RELATED TO SECURITIES LISTED OR PROPOSED TO BE LISTED IN INDIA
FAILED TO MAINTAIN HIGH STANDARDS OF INTEGRITY FAIRNESS AND PROFESSIONALISM AS REQUIRED UNDER FII REGULATIONS
|
PROHIBITED FROM ISSUING AND/OR RENEWING ANY OFFSHORE DERIVATIVES RELATED TO INDIAN SECURITIES MARKET FROM 17-MAY-2005 TO 16-MAY-2006
DIRECTED TO ESTABLISH HIGHEST STANDARDS OF CUSTOMER DUE DILIGENCE PROCESS
17-MAY-2005
SETTLEMENT ( SETTLEMENT CHARGES RS.50,00,000, LEGAL EXPENSES RS.17,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
09-FEB-2009~
|
SAT: IMPUGNED ORDER SET ASIDE
APPLICANT AGREED TO PAY RS.50,00,000 TOWARDS SETTLEMENT CHARGES AND RS.17,50,000 TOWARDS LEGAL & ADMINISTRATION CHARGES, AS PER CONSENT ORDER (REFERENCE APPEAL NO.154 OF 2005 DATED 02/07/2009 WITH SAT)
|
| 37 |
|
|
UBS EMERGING MARKETS EQUITY RELATIONSHIP FUND
|
|
|
ALLEGED VIOLATION OF SECTION 15HB OF SEBI ACT, 1992 READ WITH REGULATION 10(C) OF SEBI (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
20-JAN-2009
|
|
| 38 |
|
|
UBS SECURITIES ASIA LTD.
(Along with : SWISS FINANCE CORP.(MAURITIUS) LTD.,
UBS AG)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES RELATED TO "KNOW YOUR CLIENT" AS PRESCRIBED UNDER FII REGULATIONS
DID NOT FURNISH REQUISITE INFORMATION, RECORDS OR DOCUMENTS RELATED TO ACTIVITIES AS A FOREIGN INSTITUTIONAL INVESTOR
DID NOT DISCLOSE INFORMATION CONCERNING TERMS OF AND PARTIES TO OFFSHORE DERIVATIVE INSTRUMENTS RELATED TO SECURITIES LISTED OR PROPOSED TO BE LISTED IN INDIA
FAILED TO MAINTAIN HIGH STANDARDS OF INTEGRITY FAIRNESS AND PROFESSIONALISM AS REQUIRED UNDER FII REGULATIONS
|
PROHIBITED FROM ISSUING AND/OR RENEWING ANY OFFSHORE DERIVATIVES RELATED TO INDIAN SECURITIES MARKET FROM 17-MAY-2005 TO 16-MAY-2006
DIRECTED TO ESTABLISH HIGHEST STANDARDS OF CUSTOMER DUE DILIGENCE PROCESS
17-MAY-2005
SETTLEMENT ( SETTLEMENT CHARGES RS.50,00,000, LEGAL EXPENSES RS.17,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
09-FEB-2009~
|
SAT: IMPUGNED ORDER SET ASIDE
APPLICANT AGREED TO PAY RS.50,00,000 TOWARDS SETTLEMENT CHARGES AND RS.17,50,000 TOWARDS LEGAL & ADMINISTRATION CHARGES, AS PER CONSENT ORDER (REFERENCE APPEAL NO.6956 OF 2005 DATED 09/02/2009 WITH SUPREME COURT OF INDIA)
|
| 39 |
|
|
UNITED SECURITIES LLC
|
|
|
MADE INVESTMENTS THROUGH FII PROPRIETARY ACCOUNT VIOLATING REGULATION 10 (F) READ WITH REGULATION 12(1) OF SEBI (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS 1995
|
IMPOSED PENALTY RS.25,000
27-NOV-2009
|
|
| 40 |
|
|
WESTLB MELLON COMPASS FUND
|
|
|
ALLEGED DELAY IN INFORMING SEBI ABOUT CHANGE OF ITS NAME AS REQUIRED UNDER REGULATIONS 10(C) OF SEBI (FII) REGULATIONS, 1995
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
13-MAY-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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