SEBI makes it easier for FIIs to enter through the front door

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ENS Economic Bureau Tags : Posted: Friday , Oct 26, 2007 at 0124 hrs

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Sanskrit Festivals Ex-servicemen discriminated Ex-servicemen discriminated Disc Replacement Content

With immediate effect

• P-notes in derivative segment to wind up in 18 months

• Restrictions on p-notes in cash market on basis of assets under custody

• Reference date for asset calculation is Sept 30

• New proposals with immediate effect

• Sebi to consider 1-yr track record of fund manager, not firm

• FIIs to be registered on permanent basis, 3-yr renewal scrapped

• Foreign pension funds, foundations, endowments, university funds, charitable funds to be allowed

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