Jul 01, 2017

Amendment to the SEBI (Foreign Portfolio Investors) Regulations, 2014

SEBI has amended the SEBI (Foreign Portfolio Investors) Regulations, 2014 (‘FPI Regulations’) with effect from May 29, 2017 to prohibit the issuance or transfer of an offshore derivative instrument (‘ODI’) to persons who are resident Indians or non resident Indians and to entities that are beneficially owned by resident Indians or non resident Indians.

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