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of <h1>SEBI Updates FII Reporting: New Guidelines for Transactions, Confidentiality Emphasized, Effective August 1, 2002.</h1> The Securities and Exchange Board of India (SEBI) issued a circular clarifying the operations of Foreign Institutional Investors (FIIs) under the 1995 regulations. FIIs are required to report daily transactions, initially done in dBase, now updated to Oracle with revised guidelines for reporting buybacks, open offers, and debt transactions effective August 1, 2002. SEBI addressed complaints about trade data leaks, emphasizing confidentiality and adherence to the code of conduct by stock exchanges and FIIs. Custodians are instructed to inform their constituents about these updates, with further details available on SEBI's website.
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