NEW DELHI: The number of foreign institutional investors FIIs operating in the Indian stock markets have increased to 1,303 from 1,100 in six months, Finance Minister P Chidambaram told the Lok Sabha on Friday.
The Minister said that over the last six months ending February, while the number of SEBI-registered FIIs increased from 1,100 to 1,303, the number of sub-accounChidambaram further said that SEBI in October 2007 took several steps to streamline participation of FIIs on stock markets.
In order to streamline the FII investment, the SEBI board in October last imposed various restrictions on the Participatory Notes and laid down deadlines for reducing outstanding positions.
The SEBI had barred FIIs and their sub-accounts from issuing and renewing Offshore Derivative Instruments (ODIs) with underlying as derivatives with immediate effect. The FIIs were also told to wind up their existing position over 18 months.
The Minister said that over the last six months ending February, while the number of SEBI-registered FIIs increased from 1,100 to 1,303, the number of sub-accounChidambaram further said that SEBI in October 2007 took several steps to streamline participation of FIIs on stock markets.
In order to streamline the FII investment, the SEBI board in October last imposed various restrictions on the Participatory Notes and laid down deadlines for reducing outstanding positions.
The SEBI had barred FIIs and their sub-accounts from issuing and renewing Offshore Derivative Instruments (ODIs) with underlying as derivatives with immediate effect. The FIIs were also told to wind up their existing position over 18 months.
No comments:
Post a Comment