Sebi looks to tighten the screws on P-Notes
Sebi plans to levy a regulatory fee of $1,000 for each P- Note issued by foreign investors and bar issuance of such derivative-based instruments for speculative purposes
New Delhi: The Securities and Exchange Board of India (Sebi) proposes to levy a $1,000 fee on foreign portfolio investors (FPIs) for each participatory note (P-Note) issuance in an effort to cut down on speculative investments.
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