Restriction on OCB investment: barred from fresh PIS purchases while existing holdings may be retained and sold on exchange. OCBs are not permitted to make fresh purchases of shares or convertible debentures in India under the Portfolio Investment Scheme; OCBs that have already invested may continue to hold and may sell those securities on the stock exchange. Link offices of Authorised Dealers must continue daily reporting of OCB sale transactions. The change is effected by amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. OCBs continue to be eligible to open and maintain non-resident accounts and to make direct investment (FDI) under existing regulations.