Foreign Portfolio Investor debt exposure rules updated: single-corporate cap withdrawn and central bank directions now govern compliance. The circular withdraws the prior single-corporate exposure limit for Foreign Portfolio Investors in corporate bond portfolios and directs that future central bank directions on FPI investment in corporate debt securities shall apply directly; SEBI will not issue separate circulars. Intermediaries must operationalize central bank circulars and custodians must inform FPI clients. Non-compliance with central bank-prescribed investment conditions in corporate debt securities will be subject to action under the SEBI (Foreign Portfolio Investors) Regulations, 2014.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign Portfolio Investor debt exposure rules updated: single-corporate cap withdrawn and central bank directions now govern compliance.
The circular withdraws the prior single-corporate exposure limit for Foreign Portfolio Investors in corporate bond portfolios and directs that future central bank directions on FPI investment in corporate debt securities shall apply directly; SEBI will not issue separate circulars. Intermediaries must operationalize central bank circulars and custodians must inform FPI clients. Non-compliance with central bank-prescribed investment conditions in corporate debt securities will be subject to action under the SEBI (Foreign Portfolio Investors) Regulations, 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
