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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India – SEBI Foreign Portfolio Investors
On 29 April 2022, IND SEBI modified the operational guidelines for foreign portfolio investors, designated depository participants and eligible foreign investors. Operational guidelines amended to require designated depository participant to grant the certificate of registration, bearing registration number generated by SEBI. Paragraph pertaining to name change also amended reissue of registration certificate. Provisions of this…
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India – RBI Updates Limits for Foreign Investors
On 19 April 2022, IND RBI updated the limits for investment in debt and sale of credit default swaps by foreign portfolio investors (FPIs) for the financial year (FY) 2022-23.
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India – SEBI Foreign Portfolio Investors
On 28 December 2021, IND SEBI approved the amendments to enable SEBI to generate unique registration numbers of FPIs on receiving the basic details of the applicants.
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