Debt Allocation Mechanism For FII

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 03, 2012 had provided the facility re-investment up to two years from the date circular or to the extent of twice the size of the debt portfolio, to those FIIs and sub-accounts that had already acquired limits and / or invested in debt in the manner prescribed in the said circular. With a view to provide operational flexibility, beginning January 01, 2014 it has been decided that the FIIs/ sub-ac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g SEBI approval till the overall FII investments reaches 90% (ninety percent), after which the auction mechanism shall be initiated for allocation of remaining limits. SEBI will put in place a mechanism to monitor the utilization of the limit. This circular is issued in exercise of powers conferred under SEBI section 11 (1) of the securities and Exchange board of India Act, 1992, to protect the....