Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sebi chairman Tuhin Kanta Pandey said the regulator will release a consultation paper on foreign investor compliance within weeks.
- ✓The document aims to align Indian norms with global standards as many FIIs withdrew $31.4 billion this year.
- ✓Pandey said, "It will be released very soon, within weeks," to improve efficiency.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore aligning Indian norms with global standards amid heavy FII outflows. The regulator is also planning a capacity-building network to strengthen independent directors’ effectiveness.
Kolkata: The Securities and Exchange Board of India (Sebi) is likely to issue the proposed consultation paper on compliance requirements for foreign institutional investors (FII) within weeks, chairman Tuhin Kanta Pandey said Saturday in Kolkata.
The market regulator will also take a consultative approach on capacity building for independent directors, aiming to strike a balance between their independence and regulatory oversight.
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