Sebi approves increased FPI participation from NRIs and OCIs via IFSCs, simplifies mutual funds passive schemes. Measures to deter front-running by asset management companies. Issuers can now offer NCDs and NCRPS at reduced face value.
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).
The RBI has said that provisioning will be required only to the extent of the RE s investment in the AIF scheme that is further invested in the debtor company, rather than on the entire investment in the AIF scheme.
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