Monday, January 16, 2017

Registered FPIs can run IFSC ops without prior approval

Markets regulator SEBI said registered FPIs planning to set up operations in International Financial Services Centres (IFSCs) will be allowed to do so without any additional documentation. Foreign Portfolio Investors (FPIs), who presently operate in Indian securities market and propose to operate in IFSC also, will be required to ensure clear segregation of funds and securities.

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