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SEBI sticks to the P-note roadmap
Sify: The Securities and Exchange Board of India’s (SEBI ) meeting with foreign institutional investors (FIIs) on Monday evening had one clear, underlying message: the efforts to identify anonymous investments through participatory notes will continue till the last dollar that comes in can be traced back.
But by registering new FIIs in double quick time, the regulator is also trying to avert an unwinding shock for the markets. “We will seek to expedite the process of registration, as well as see what other categories of investors can be included as eligible entities in the registration process,” SEBI chairman M Damodaran said.
Giving an example of expeditious registration process, he said 16 FIIs were registered on Monday itself. The subtext of yesterday’s videoconference is, FIIs just have to make the perfect, legible, credible application and the registration will be done in a jiffy… Full article: Source
India eases restrictions on derivatives
From the FT: India’s share market regulator on Monday moved to ease the introduction of new restrictions on trading of offshore derivatives, which bankers say will help reduce selling pressure on stocks.
M. Damodaran, chairman of the Securities and Exchange Board of India, said the regulator would make it easier for foreign investment banks to continue operating some account...................... To view our full article Click here
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