India’s markets regulator has proposed to cut back regulatory necessities for overseas traders investing completely within the nation’s authorities bonds, it stated on Tuesday, because it appears to spice up investments in these securities.
Overseas traders who maintain Indian authorities bonds needn’t disclose investor group particulars, the Securities and Change Board of India proposed in a session paper.
“Simplification of onboarding course of and rationalization of ongoing regulatory compliances is anticipated to additional assist in facilitating investments by overseas portfolio traders (FPIs) in Indian authorities bonds (IGBs),” SEBI stated.
FPIs are presently required to share particulars on their investor teams.
SEBI additionally proposed permitting resident in addition to non-resident Indians and abroad residents to contribute to the corpus of overseas traders who completely purchase Indian authorities bonds.
