FPI debt investment rules revised, permitting shorter maturities and reshaping concentration and monitoring obligations. SEBI removed the three year minimum residual maturity for G Secs and SDLs and transferred monitoring of those instruments to CCIL; for corporate debt FPIs may invest in instruments with residual maturity above one year while limiting short term holdings to 20% of corporate bond portfolios on an end of day basis. New concentration rules apply with caps on holdings per issue and per corporate, transitional relaxations for existing positions, custodians and depositories are responsible for monitoring and reporting breaches, pipeline investments may be exempt if certain conditions are met, and partly paid debt instruments are prohibited.
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FPI debt investment rules revised, permitting shorter maturities and reshaping concentration and monitoring obligations.
SEBI removed the three year minimum residual maturity for G Secs and SDLs and transferred monitoring of those instruments to CCIL; for corporate debt FPIs may invest in instruments with residual maturity above one year while limiting short term holdings to 20% of corporate bond portfolios on an end of day basis. New concentration rules apply with caps on holdings per issue and per corporate, transitional relaxations for existing positions, custodians and depositories are responsible for monitoring and reporting breaches, pipeline investments may be exempt if certain conditions are met, and partly paid debt instruments are prohibited.
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