Sebi says will review new regulations for foreign portfolio investors2 min read 05 Sep 2018, 11:22 PM IST
Sebi says the working group has heard various stakeholders, held consultations and is in the process of giving its recommendations
New Delhi: Amid concerns among some FPI (foreign portfolio investor) groups, capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday said it will review the proposed new norms for foreign portfolio investors and take a holistic view after taking into account views of all stakeholders, including the government. The regulator has already constituted a working group headed by former Reserve Bank of India (RBI) deputy governor H.R. Khan to look into the various issues raised by foreign portfolio investors, including those about ‘know your client’ (KYC) requirements and disclosures about beneficial ownership.
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