Relaxing debt allocation norms for foreign institutional investors (FII), Sebi has allowed them to re-invest half of their investments in debt holdings to the next calendar year, starting from January 2014.
Sub-accounts are the entities that include foreign companies, foreign individuals and institutions, funds or portfolios established outside India, on whose behalf FIIs propose to make investments in India.
"With a view to provide operational flexibility, beginning January 1, 2014, it has been decided that FIIs/sub-accounts can reinvest during each calendar year to the extent of 50 per cent of their debt holding at the end of previous calendar year," Sebi said in a circular.
For investing in the bond market, FIIs have to acquire limits, which are auctioned by the Securities and Exchange Board of India (Sebi) every month.
The regulator has also reduced the utilisation period for government securities and corporate debt limits, allocated through bidding process, to 30 days and 60
Proliferation of weapons in Libya is a threat: India
Now there is a 'goat scam', and Sebi is probing it
CHALLENGES Nestle faces in India
How Sebi plans to deal with Sahara case
FII share in top 100 firms at 6-yr HIGH