Sebi approves new KYC norms for FPIs

The Securities and Exchange Board of India (SEBI) has approved new KYC norms for foreign portfolio investors.

Stating this the SEBI Chairman Ajay Tyagi said that new guidelines will be issued soon.

He said, SEBI to allow foreign portfolio investors to trade in commodity derivatives market, except for sensitive commodities.

SEBI board also approved amending delisting regulations, to make the process simpler.

Mr. Tyagi said markets regulator, SEBI, will revise settlement process but it will not be to settle cases involving wilful defaulters or economic offenders.

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