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    <title>Investments by FIIs/QFIs in Credit Enhanced Bonds</title>
    <link>https://www.taxtmi.com/circulars?id=58208</link>
    <description>FIIs and QFIs may invest in credit enhanced bonds within the corporate bond foreign investment ceiling and a dedicated sublimit. Depositories must monitor and publish aggregate holdings daily, receiving same-day ISIN-wise and investor-wise transaction reports from Custodians/QDPs. When a threshold of the sublimit is reached, depositories will announce it, suspend fresh purchases without prior depository approval, and coordinate prior-approval requests received via Custodians/QDPs; approvals are granted after market hours on a first-come-first-served basis and valid for two trading days. Breaches require notified FIIs/QFIs to divest excess holdings within seven working days.</description>
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    <pubDate>Thu, 28 Nov 2013 00:00:00 +0530</pubDate>
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      <title>Investments by FIIs/QFIs in Credit Enhanced Bonds</title>
      <link>https://www.taxtmi.com/circulars?id=58208</link>
      <description>FIIs and QFIs may invest in credit enhanced bonds within the corporate bond foreign investment ceiling and a dedicated sublimit. Depositories must monitor and publish aggregate holdings daily, receiving same-day ISIN-wise and investor-wise transaction reports from Custodians/QDPs. When a threshold of the sublimit is reached, depositories will announce it, suspend fresh purchases without prior depository approval, and coordinate prior-approval requests received via Custodians/QDPs; approvals are granted after market hours on a first-come-first-served basis and valid for two trading days. Breaches require notified FIIs/QFIs to divest excess holdings within seven working days.</description>
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      <pubDate>Thu, 28 Nov 2013 00:00:00 +0530</pubDate>
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