The regulator said such FPIs with NRIs and OCIs as clients should be based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA).
Asset Management Companies are required to put in place a structured institutional mechanism for identification and deterrence of potential market abuse. While Sebi will specify the broad framework of the institutional mechanism, industry body Association of Mutual Funds in India (Amfi) will have to detail on standards for such an institutional mechanism.
SEBI found offshore funds breaching Adani investment rules, seeking settlement with penalty. Regulator demanded group level disclosures. Adani denies acting in concert . No response to email requests.
Sebi s proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.