Thursday, October 25, 2007

Sebi may allow FIIs to register for good

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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