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Foreign portfolio investors can now access sale proceeds on the settlement day, like domestic investors.
Trading in South Korean bonds via accounts set up for foreign investors hit 4.5 trillion won ($3.3 billion) in early October https://t.co/vPyUTnVOk4
Trading in South Korean bonds via accounts set up for foreign investors hit 4.5 trillion won ($3.3 billion) in early October https://t.co/PfacY8KMdx
The Securities and Exchange Board of India (SEBI) has introduced several regulatory changes aimed at enhancing market efficiency and accessibility. SEBI has expedited the process for Foreign Portfolio Investors (FPIs) to access their sale proceeds, now allowing them to do so on the settlement day, similar to domestic investors, and addressing previous delays caused by tax clearance processes beyond the T+1 settlement. Additionally, SEBI has proposed the introduction of demat accounts for Associations of Persons to hold mutual fund units, corporate bonds, and government securities. ESOPs will now receive the PressNote3 treatment under stricter regulatory stances.