Investment in NBFCs from FATF non-compliant jurisdictions
Abhishek R. Sharma- 22nd July, 2023
Investment in NBFCs from FATF non-compliant jurisdictions
FATF non-compliant jurisdictions and new investment opportunities from such jurisdictions into NBFCs in India
New investors from or through non-compliant FATF jurisdictions, whether in existing NBFCs or in companies seeking Certification of Registration (COR), should not be allowed to directly or indirectly acquire ‘significant influence’ in the investee.
Fresh investors (directly or indirectly) from such jurisdictions in aggregate should be less than the threshold of 20 percent of the voting power (including potential voting power) of the NBFC.
#nbfcs #financialservices #rbipolicy #compliancerisk #complianceregulations #fintech
COMMENTS