In August 2021, designated depository participant JP Morgan Chase (JPMC) informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management (FIMM).
In August 2021, designated depository participant JP Morgan Chase informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management. Following this, Sebi conducted an examination regarding the delay in intimation of change in material information.
According to a Sebi order, JP Morgan had delayed disclosing the information to the regulator that Fidelity Management and Research Company had operated in Indian markets as an FPI despite not having the registration post its merger with Fidelity Investments Money Management.