Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 crore on Fidelity Management & Research Company (FMRC) for flouting the FPI rules in the matter of Fidelity Investments Money Management (FIMM).
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.
Get latest articles and stories on Latest News at LatestLY. JP Morgan Chase Bank N.A on Friday settled with markets regulator Sebi a case pertaining to alleged violations of FPI rules on payment of Rs 22.10 lakh towards the settlement amount. Latest News | JP Morgan Chase Bank Settle Case with Sebi; Pays Rs 22.10 Lakh.