FPI investment limits revised: increased government securities allocations take effect; SEBI to issue operational guidelines. The circular increases Foreign Portfolio Investor limits in Central Government Securities and State Development Loans for January-March 2018, provides prior and revised numerical ceilings and aggregate totals, makes the revisions effective from January 1, 2018, directs that allocation and monitoring will follow operational guidelines to be issued by the securities market regulator, instructs Authorised Dealer Category I banks to inform constituents, and states that the directions are issued under statutory foreign exchange powers without prejudice to other required permissions.
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FPI investment limits revised: increased government securities allocations take effect; SEBI to issue operational guidelines.
The circular increases Foreign Portfolio Investor limits in Central Government Securities and State Development Loans for January-March 2018, provides prior and revised numerical ceilings and aggregate totals, makes the revisions effective from January 1, 2018, directs that allocation and monitoring will follow operational guidelines to be issued by the securities market regulator, instructs Authorised Dealer Category I banks to inform constituents, and states that the directions are issued under statutory foreign exchange powers without prejudice to other required permissions.
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