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of <h1>SEBI Lifts Restrictions on Participatory Notes; Custodians to Notify Foreign Institutional Investors of Regulation Changes.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) informs custodians of securities about the removal of restrictions on Participatory Notes (PNs), also known as Offshore Derivative Instruments (ODIs). The changes are effective from the close of market hours on October 07, 2008. Amendments to the Foreign Institutional Investor (FII) regulations are being implemented. Custodians are requested to inform their FII constituents of these changes. The circular is accessible on the SEBI website.
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