Sebi comes out with framework for monitoring international holding in depository receipts


Mumbai: The Securities and Trade Board of India (Sebi) has come out with framework for monitoring foreign holding in depository receipts (DRs)

The regulator mentioned listed firms ought to appoint one of many Indian depositories because the designated depository for monitoring limits in depository receipts.

The designated depository in co-ordination with home custodian, different depository and international depository if required ought to compute, monitor and disseminate the DRs information as prescribed within the framework, it mentioned.

Sebi mentioned international portfolio buyers (FPIs) ought to report the main points of all such FPIs forming a part of the identical investor group in addition to Offshore Derivative Instruments (ODI) subscribers and DR holders having widespread possession, instantly or not directly, of greater than fifty p.c or on the premise of widespread management, to its DDP (Designated Depository Participant).

The investor group can appoint one such FPI to behave as a Nodal entity for reporting the grouping info to its DDP.


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