Capital market regulator Sebi today pushed the implementation of the Foreign Portfolio Investors (FPI) Regulations to June 1, 2014.
The FPI Regulations, which were notified by Sebi in January 2014, were supposed to be implemented from April 1, 2014.
The extension comes following request made by market participants seeking more time to move to the new system.
Sebi FPI Regulations is a newer and simpler framework for investment from overseas entities investing in the country's equity and debt markets.
It replaces the existing Foreign Institutional Investors (FIIs) Regulations, 1995.
The new regime merges different investor classes, including FII, sub-accounts and qualified foreign investors (QFIs) into a single category called FPI.
Earlier this week, the Reserve Bank of India (RBI) had notified amendments to the Foreign Exchange Management (FEMA) Regulations for implementation of Sebi's FPI Regulations.
Sebi has said that it would continue to accept registration of FIIs and sub accounts till May 31, 2014.
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