What were the alleged FPI rule violations by JP Morgan Chase?

Allegations included granting licenses to unregistered FPIs and failing to promptly act on material changes like an FPI merger.

How much did JP Morgan Chase pay to settle with SEBI?

JP Morgan Chase paid Rs 34.42 lakh towards settlement charges to resolve the case with SEBI.

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JP Morgan Chase Pays $34.42 Lakh to Settle SEBI FPI Rule Violations

Q: What did JP Morgan Chase settle with SEBI?

JP Morgan Chase settled a case with SEBI concerning alleged violations of Foreign Portfolio Investor (FPI) rules, paying Rs 34.42 lakh.

21 Mar

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Summary

JP Morgan Chase paid Rs 34.42 lakh to settle SEBI case on FPI rule violations.
SEBI found violations in FPI classification and delayed action on material changes.
The settlement resolves proceedings without admitting or denying findings.

JP Morgan Chase Pays $34.42 Lakh to Settle SEBI FPI Rule Violations

JP Morgan Chase Bank N.A. settled a case with the Securities and Exchange Board of India (SEBI) concerning alleged violations of Foreign Portfolio Investor (FPI) rules. The multinational bank paid Rs 34.42 lakh as settlement charges. The settlement order, issued on March 21, 2026, allows the bank to resolve potential proceedings without admitting or denying SEBI's findings.