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of <h1>SEBI Amends Foreign Institutional Investors Regulations: New Provisions for Debt Securities Investment in Regulation 15.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Foreign Institutional Investors Regulations, 1996, effective upon publication in the Official Gazette. This amendment adds two provisos to Regulation 15 of the 1995 regulations. The first proviso exempts foreign institutional investors from certain restrictions on investments in listed or to-be-listed debt securities, provided they have obtained prior approval from SEBI. The second proviso allows SEBI to impose conditions on the maximum investment amount in debt securities by these investors or their sub-accounts when granting such approval.
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