PN Archives - indiabusinessview

Sebi simplifies FII disclosures on participatory notes

May 30, 2008August 20, 2014Editor

The capital market regulator Sebi, has relaxed the disclosure norms for foreign institutional investors (FIIs) who issue overseas derivative instruments (ODIs). FIIs have to give a periodic disclosure to Sebi on the ODIs issued by them.

Sebi clarifies, existing PNs on derivatives can be renewed or rolled over till 18 months

October 17, 2007August 20, 2014Editor

Sebi issued this clarification today. "Clarifications have been sought on para 1 of the Proposed Measures in the draft discussion paper on Overseas Derivatives Instruments (ODIs), with Indian Exchange Traded Derivatives as underlying. With regard to the above, it is made clear that there is no proposed bar on ODI contracts, expiring this month or in the following months, being renewed, provided the renewal does not go beyond 18 months.

Sebi draft proposal to rationalize Participatory-note issuance will rock stock markets

October 17, 2007August 20, 2014Editor

Indian ADRs dipped as global investors tried to assess the implications of Sebi’s draft proposals to restrict the participatory note (PN) factor in the stock market. On the NYSE, the HDFC Bank ADR was down 10.2%, Infosys was down 5.7%, Dr Reddy’s Laboratories was down 3.1%, Wipro was down 3.4%, and ICICI Bank was down 6.5%.