Once the noise around participatory notes (PNs) gets over, Securities and Exchange Board of India (Sebi) will make another feel-good announcement: registration of foreign institutional investors (FIIs) with the regulator will be for good — they won’t have to renew it. According to a senior Sebi official, “Registration of FIIs will be till perpetuity, unless, of course, we have a reason to revisit them.” As of now, FIIs can be registered for three years, after which they have to renew the registration.
Opinion in The Indian Express, October 25, 2007
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