On 6 August 2024, IND SEBI proposed measures re investments by foreigners. IND SEBI issued consultation paper on investment by foreign investors through segregated portfolios/ participatory-notes/ offshore derivative instruments. Objective Investments made by foreigners through Offshore Derivative Instruments (referred to as ODIs) or through segregated portfolios of FPIs are currently not subject to the same…
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India – SEBI Foreign Portfolio Investors
On 6 August 2024, IND SEBI modified the Foreign Portfolio Investors FPI master circular for university funds. University fund or university-related endowments shall not be required to make the additional disclosure as specified, subject to fulfilling additional conditions. Additional conditions include that Indian equity AUM should be less than 25% of global AUM, and global…
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India – SEBI Foreign Portfolio Investor Amendments
On 3 June 2024, IND SEBI amended foreign portfolio investor regulations. IND SEBI published the SEBI (foreign portfolio investors) (amendment) regulations, 2024, which make amendments to the 2019 principal regulations on the same subject. The changes aim to streamline the regulatory framework governing FPIs in India. Follows IND SEBI May 2024 issued a new master…
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India – SEBI Disclosure Rules for Foreign Portfolio Investors
On 28 June 2023, IND SEBI approved the amendment to SEBI (foreign portfolio investors) regulations, 2019, for implementation of proposal on additional disclosures. In March 2023, PML rules threshold requirements for identification of BO were amended and currently stand at 10% for companies and trusts and 15% for partnerships and unincorporated association or body of…
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India – SEBI Foreign Portfolio Investors
On 19 December 2022, IND SEBI issued the master circular for foreign portfolio investors, depository participants, foreign investors, to supersede the operational guidelines (OG) issued 5 November 2019 above/incorporate changes to those OGs into new master circular. Circulars notifying changes to the 2019 OGs which have now been incorporated into new master circular are listed…
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India – RBI Foreign Portfolio Investors Relaxation in Debt
On 7 July 2022, IND RBI relaxed investment by foreign portfolio investors in debt. Allowed FPIs to invest government securities and corporate bonds from 8 July to 31 October 2022 without the cap of 30% on their total investments, until maturity or sale. Allowed FPIs to invest in commercial papers and non-convertible debentures with an…
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