Sebi extends foreign portfolio investor rule implementation to June

Tags: News
The Securities and Exchange Board of India (SEBI) said on Friday it will push forward the implementation of its new Foreign Portfolio Investor (FPI) rules by two months to June 1 in order to give more time to market participants to comply with the norms.

The market regulator had approved the new rules last year aimed at streamlining the registration process for foreign investors.

"Market participants have communicated to SEBI that they are still in process of putting in place necessary systems and procedures to discharge their assigned role effectively," the regulator said in its circular.

SEBI will continue to accept registrations from foreign investors under its Foreign Institutional Investor (FII) and sub account rules till May 31.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Neither secular nor socialist, India at 66 is back where it began

    The republic has entered its 66th year but the nation is more than just another year older.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Building great cities (and nations)

Fifteen to twenty years’ span is the time when humans ...

Kuruvilla Pandikattu SJ

Defining success differently

Researchers spent four decades studying a group of mathematically talented ...

Shona Adhikari

All roads lead to Delhi, as it gears up for art fair

With the seventh edition of India Art Fair (IAF) coming ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture