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Jan 21, 2017
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Sebi mulls further tightening regulations for P-Notes
Markets regulator Sebi plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows.Participatory Notes (P-Notes) are instruments issued by registered foreign portfolio investors (FPIs) to overseas entities who want to participate in the Indian market without being directly registered.A senior Sebi official today said the regulator is looking at further tightening the norms for P-Notes to address concerns raised by the Special Investigation Team (SIT) on black money.
Source -
http://indiatoday.intoday.in
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