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of <h1>SEBI Amends 1995 Regulations: Omits Key Sub-Regulations in Regulation 15A, Updates Explanation I for Foreign Institutional Investors.</h1> The Securities and Exchange Board of India (SEBI) issued the Securities and Exchange Board of India (Foreign Institutional Investors) (Second Amendment) Regulations, 2008, effective from its publication date in the Official Gazette. This amendment modifies the 1995 regulations by omitting sub-regulations (3), (4), (5), and (7) of regulation 15A and removing clause (ii) in Explanation I. The 1995 regulations have undergone multiple amendments since their inception, with changes made in various years to address evolving regulatory needs.
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