{"id":1567,"date":"2015-02-06T00:00:00","date_gmt":"2015-02-05T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T12:17:19","modified_gmt":"2015-12-30T06:47:19","slug":"fpis-permitted-to-invest-in-government-securities-and-such-investments-shall-be-kept-outside-the-applicable-limit-of-usd-30-billion-sebi","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/investment\/fpis-permitted-to-invest-in-government-securities-and-such-investments-shall-be-kept-outside-the-applicable-limit-of-usd-30-billion-sebi\/","title":{"rendered":"FPIs permitted to invest in Government securities and such investments shall be kept outside the applicable limit of USD 30 billion – SEBI"},"content":{"rendered":"

CIRCULAR<\/strong> <\/p>\n

CIR\/IMD\/FIIC\/2\/2015<\/strong> <\/p>\n

February 05,
\n2015<\/strong><\/p>\n

 <\/p>\n

To<\/strong><\/p>\n

 All Foreign Portfolio Investors<\/strong><\/p>\n

 <\/p>\n

through their designated Custodians of Securities<\/p>\n

 <\/p>\n

The Depositories (NSDL and CDSL)<\/strong><\/p>\n

 <\/p>\n

Sir \/ Madam,<\/strong><\/p>\n

 <\/p>\n

Sub: Change in
\ninvestment conditions for FPI investments in Government Debt securities<\/strong><\/p>\n

 <\/p>\n

1.      Pursuant to the announcements made in the Sixth
\nBi-monthly Monetary Policy Statement, 2014-15 dated February 03, 2015 by the
\nReserve Bank of India (RBI)<\/a>, it has been decided that investment of coupons in
\nGovernment securities will be enabled even when the existing limits for FPIs
\nare fully utilised. <\/p>\n

 <\/p>\n

 <\/p>\n

2.      Accordingly, FPIs shall be permitted to invest in
\nGovernment securities, the coupons received on their investments in Government
\nsecurities. Such investments shall be kept outside the applicable limit
\n(currently USD 30 billion) for investments by FPIs in Government securities. <\/p>\n

 <\/p>\n

 <\/p>\n

3.      For the purpose of investment of coupons, the
\nFPIs shall have an investment period of 5 working days from the date of receipt
\nof the coupon. A re-investment facility of 5 working days shall be provided on
\nthe Government securities that have been purchased by utilizing the coupons.
\nAll other existing conditions for investment by FPIs in the Government
\nsecurities market remain unchanged for this additional facility as well. It is
\nfurther clarified that coupons received on these Government securities purchased
\nby investment of coupons shall also have the same facility. <\/p>\n

 <\/p>\n

4.      The coupons invested in purchasing Government
\nsecurities shall be classified into a separate investment category which is
\nover and above the USD 30 billion Government debt limit. The depositories shall
\nput in place the necessary systems for the daily reporting by the custodians of
\nthe FPIs and shall also disseminate this coupon investment data along with the
\ndaily debt utilization data. <\/p>\n

This circular shall come into effect immediately.
\nThis circular is issued in exercise of powers conferred under Section 11 (1) of
\nthe Securities and Exchange Board of India Act, 1992.<\/span><\/p>\n

 <\/p>\n

A copy of this circular is available at the web
\npage \u201cCirculars\u201d on our website www.sebi.gov.in. Custodians are requested to
\nbring the contents of this circular to the notice of their FPI clients.<\/p>\n

 <\/p>\n

Yours
\nfaithfully,<\/p>\n

 <\/p>\n

<\/p>\n

S
\nMADHUSUDHANAN<\/strong><\/p>\n

 <\/p>\n

Deputy
\nGeneral Manager<\/strong><\/p>\n

 <\/p>\n

Tel No.:
\n022-26449614<\/strong><\/p>\n

 <\/p>\n

Email:
\nsmadhu@sebi.gov.in<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

CIRCULAR  CIR\/IMD\/FIIC\/2\/2015  February 05, 2015  All Foreign Portfolio Investors   The Depositories (NSDL and CDSL)       2.      Accordingly, FPIs shall be permitted to invest in Government securities, the coupons received on their investments in Government securities. Such investments shall be kept outside the applicable limit (currently USD 30 billion) for investments by FPIs … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[209],"yoast_head":"\nFPIs permitted to invest in Government securities and such investments shall be kept outside the applicable limit of USD 30 billion - SEBI - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/investment\/fpis-permitted-to-invest-in-government-securities-and-such-investments-shall-be-kept-outside-the-applicable-limit-of-usd-30-billion-sebi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FPIs permitted to invest in Government securities and such investments shall be kept outside the applicable limit of USD 30 billion - SEBI - All About Finance\" \/>\n<meta property=\"og:description\" content=\"CIRCULAR  CIR\/IMD\/FIIC\/2\/2015  February 05, 2015  All Foreign Portfolio Investors   The Depositories (NSDL and CDSL)       2.      Accordingly, FPIs shall be permitted to invest in Government securities, the coupons received on their investments in Government securities. 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