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      Question

      What is the special rule regarding LEI codes for

      non-resident or foreign funds, such as individual investment sub-funds?
      A They are permanently exempt from all LEI and UTI reporting frameworks Correct Answer Incorrect Answer
      B They are permitted to use the LEI code of their parent or management company if they lack a separate legal structure Correct Answer Incorrect Answer
      C They must apply for an interim code directly from the Indian CCP Correct Answer Incorrect Answer
      D They are subject to a strict baseline transaction limit of USD 1 million Correct Answer Incorrect Answer
      E They must register a physical Local Operating Unit in India within 90 days Correct Answer Incorrect Answer

      Solution

      Non-resident or foreign funds (such as specific sub-funds of a Foreign Portfolio Investor) that do not possess an independent separate legal structure in their home jurisdiction are permitted to utilize the LEI code of their parent entity or asset management company.

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