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(1/n) Among many things addressed today in Finance Minister's Meet with Press, she addressed there will be development of Credit Default Swap (CDS) Markets in consultation with @SEBI and @RBI RBI. This step was taken following the credit events of IL&FS, DHFL etc in past yr
(1/n) Ease of FPI Norms by SEBI on Aug 21
Key focus - to simplify and rationalize the existing regulatory framework for FPI - easing the operational constraints, expedite the registration process & compliance requirements, documentation for KYC simplified
Key focus - to simplify and rationalize the existing regulatory framework for FPI - easing the operational constraints, expedite the registration process & compliance requirements, documentation for KYC simplified
(2/n) Broad based eligibility criteria for institutional foreign investors scrapped. What was broad based requirement? Abroad based fund meant a fund, established or incorporated outside India, which has min 20 investors, with no investor holding > 49% of shares or units of fund
(3/n) FPIs may be recategorized into 2 categories - I and II, instead of the present requirement of three categories
Current Categories are - Category I includes foreign investors related with the government such as central banks, government agencies, sovereign wealth funds
Current Categories are - Category I includes foreign investors related with the government such as central banks, government agencies, sovereign wealth funds
