On 7 February 2024, IND SEBI proposed relaxation on timelines for disclosure. IND SEBI released Consultation paper on relaxation in timelines for disclosure of material changes by foreign portfolio investors, re two categories of material changes. Follows IND SEBI August 2023 circular on additional disclosures by FPIs. Categorization of Material Changes IND SEBI proposed to…
Read more
India – SEBI Additional Foreign Portfolio Investor Disclosures
On 31 October 2023, IND NSD issued circular on standard operating procedure (SOP) for implementation of IND SEBI circular dated 24 August IND NSD circular dated 30 August. Requested designated depository participants and custodians to comply with SOP. The SOP delineates applicability, exemption from additional disclosures, timelines and monitoring, general terms, SOP updates, provides a…
Read more
India – SEBI Additional FPI Disclosures
On 24 August 2023, IND SEBI issued circular on additional disclosures by FPIs. IND SEBI issued a circular on mandating additional disclosures by foreign portfolio investors (FPIs) that fulfill certain objective criteria. Pursuant to Regulations 22 (6) and 22 (7) under SEBI (FPI) Regulations, 2019, vide SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2023. Criteria…
Read more
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…
Read more
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.
Read more
India – SEBI Foreign Portfolio Investors
On 19 December 2019, IND SEBI issued SEBI (FPI) (amendment) regulations, 2019. In regulation 2, substitutes regulation 2 of the foreign exchange management (transfer or issue of security by a person resident outside India) regulations, 2017. With rule 2 of the foreign exchange management (non-debt instruments) rules, 2019. In regulation 20, substitutes foreign exchange management…
Read more