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Circular No. IMD/FII & C/33/2007, dated 16-10-2008



FII INVESTMENT IN DEBT SECURITIES

  1. Circular dated January 31, 2008, subject to a ceiling of US $300 million per registered entity.
  2. The debt requests in this regard shall be forwarded to the dedicated email id fii_debtrequests@sebi.gov.in . The mailbox shall open at 23:59 PM IST, October 20, 2008.
  3. Further in order to accord flexibility to the FIIs to allocate the investments across equity and debt, it has been decided to do away with the conditions provided in regulation 15(2) of SEBI FII regulations pertaining to restrictions of 70:30  ratio of investment in equity and debt respectively, with immediate effect. Necessary amendments to the FII Regulations will be carried out in due course.
  4. A copy of this circular is available at the web page “F.I.I.” on our website www.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of their FII clients.

 

 

CA Pawan Goswami
on 25 October 2008
Published in Shares & Stock
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