On 12 March 2019, SEBI said due to RBI circular, # it's withdrawn provision w.r.t. exposure of over 20% of FPI's corporate bond portfolio to a single corporate.
- Effective immediately to encourage a wider spectrum of investors to debt market.
- Shall comply with timelines in RBI circular, no separate circulars issued by SEBI.
- All the intermediaries may take steps required to operationalize the RBI Circular.
- Any non-compliance with the requirements prescribed by RBI from time to time w.r.t corporate debt securities shall be liable for action in terms of SEBI FPI rules.