ISSUING AUTHORITY : SECURITIES AND EXCHANGE BOARD OF INDIA
DATE OF ISSUE : 13/08/2013
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. CIR/IMD/FIIC/13/2013
Qualified Foreign Investors (QFIs) had been allowed vide Circular CIR/IMD/FII&C/17/2012 dated July 18, 2012 to invest in Listed/to be Listed Indian Corporate Debt Securities through Public issues and units of debt schemes of Indian Mutual Funds. In order to bring QFI and FII at par, it has now been allowed to invest in "to be listed" Corporate Debt Securities directly from the issuer. In case, the Debt Securities cannot be listed within 15 days of Issue, then the Holding of the QFI is required to be sold off only to Domestic Participants/Investors until the Securities are listed.
All other applicable stipulations prescribed by SEBI in this regard in Circular CIR/IMDFII&C17/2012 dated July 18, 2012 shall continue to apply.
For detailed Circular, follow the Link given below:
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1376394440733.pdf
All other applicable stipulations prescribed by SEBI in this regard in Circular CIR/IMDFII&C17/2012 dated July 18, 2012 shall continue to apply.
For detailed Circular, follow the Link given below:
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1376394440733.pdf
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