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News SEBI

  • Feb 15, 2018
  • SEBI READIES P-NOTE FRAMEWORK FOR GIFT CITY

    Market regulator Sebi is readying a framework for issuance of participatory notes (p-notes) from international financial services centres such as GIFT City. It is in talks with FPIs, which act as issuers of p-notes, sources said. The move comes at a time when Indian bourses have terminated licensing of indices and data-feed agreements with their foreign counterparts. This will force overseas investors to either invest directly or come through GIFT City to trade in Indian securities.

    Source - https://www.pressreader.com