FPI and Debt Securities
PUBLISHED ON: 10-11-2021
SEBI Circular:
Write-off of Debt Securities held by FPIs Surrendering Registration
Foreign Portfolio Investors (FPIs) who wished to surrender their registration, were permitted by SEBI to write off all shares in their beneficiary account, which they are unable to sell for any reason.
Now, SEBI has permitted FPIs, who wish to surrender their registration, to also write-off all debt securities in their beneficiary account, which they are unable to sell for any reason.
The aforementioned change was notified vide a circular dated November 8, 2021 (available here).
RBI Circular:
Investment by FPIs in Debt Securities Issued by InvITs and REITs
RBI has stated that FPIs can invest in debt securities issued by InvITs and REITs under the Medium-Term Framework or the Voluntary Retention Route.
The investments limits and the terms and conditions for investments by FPIs in debt securities would be in accordance with the relevant legal framework pertaining to Medium-Term Framework or the Voluntary Retention Route.
The aforementioned was notified vide circular dated November 8, 2021 (available here).
