competition success review annual subscription

competition success review annual subscription

competition success review annual subscription Published this article page no   90 Pnotes are offshore derivative instruments of underlying Indian assets. These are issued by registered Foreign Portfolio investors (FPIs) to overseas investors or hedge funds who wish to be part of the Indian stock market without registering themselves with SEBI directly. E.g. Citigroup and Deutsche Bank  Benefits They provide access to quick money to the Indian capital market. Moreover it enables the investors to avoid the cumbersome regulatory approval process. Investors save time money and scrutiny associated with direct registration.  Concerns Often Pnotes have been seen as an instrument that is being misused to launder money or fund illegal activities because of the anonymity involved. Moreover hedge funds acting through Pnotes may cause economic volatility in Indias exchanges. 40 o In July 2017 SEBI notified stricter Pnotes norms stipulating a fee of USD 1000 that will be levied on each instrument to check any misuse for channelising black money.  Liberalised norms for foreign portfolio investors (FPIs) based on recommendations of H.R. Khan committee these have been impacting investments through Pnotes which were earlier preferred for their simplified nature. o Under the new rules FPIs have been divided into two categories and around 80 per cent falls under CategoryI and investors planning to set up shop as CategoryI is required a simple application form. o Further SEBI has allowed entities registered at an international financial services centre to be automatically classified as FPIs. o Mutual funds with offshore funds too can invest in India as FPIs to avail certain tax benefits now. o Central banks that are not members of the Bank of International Settlements are also allowed to register as FPIs and invest in the country competition success review annual subscription buy.  

competition success review annual subscription