New Delhi, June 21, 2017

Sebi tightens rules for P-notes and will charge fee from issuers of them

Market regulator Sebi eases norms for acquisition of distressed assets of listed companies

After the board meet, Sebi chief Ajay Tyagi said the board decided to tightenrules for Participatory Notes and to charge fee from issuers of these instruments but is not considering complete ban.

Sebi said it is examining NSE's response to show-cause notice in co-location case and that it will engage forensic auditor in the case. "Sebi will probe if brokers made unfair gains in connivance with exchange officials," Tyagi said.

Tyagi said the regulator will issue discussion paper for easier registration of foreign investors.

[The Business Standard]