Debt Allocation Mechanism for FII/QFI - Government debt securities

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....4. National Securities Depository Limited 5. Central Depository Services (India) Limited Dear Sir / Madam Sub: Debt Allocation Mechanism for FII/QFI - Government debt securities 1. SEBI vide its circular CIR/IMD/FIIC/12/2012 dated April 27, 2012 had prescribed a framework for the allocation of debt limits to FIIs. However the allocation mechanism had been amended from time to time. ....

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....lso. 5. In partial modification to circular CIR/IMD/FIIC/12/2012 dated April 27, 2012, it has been decided that FIIs/QFIs can now invest in Government Debt without purchasing debt limits till the overall investment reaches 90% after which the auction mechanism shall be initiated for allocation of the remaining limits, as currently in place for FII investments in Corporate Debt. 6. It is clar....