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Overseas entities begin registering as FPI: SEBI

To ensure the seamless transition from FII regime to FPI, it was decided to commence the FPI regime with effect from June 1, SEBI says

June 03, 2014 10:16 IST | India Infoline News Service
Securities and Exchange Board of India, in a statement, on Monday said that Sebi-approved Designated Depository Participants (DDPs) have already commenced granting registration to FPIs under the new framework.

"The migration of FPI regime has thus been effected in a smooth manner," the regulator said.

In order to ensure the seamless transition from FII regime to FPI, it was decided to commence the FPI regime with effect from June 1 so that requisites systems and procedures are in place before migration to the new FPI regime.

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