FPIs seek a month's extension from Sebi to furnish depository receipts info

Custodians want FPIs to provide ODI and DR details directly to depository instead of routing it through them

Custodians have reached out to market regulator Securities and Exchange Board of India (Sebi) as well as depositories to extend the deadline for providing details on depository receipt (DR) and offshore derivative instrument (ODI) investments to the latter by a month.

The custodians also want foreign portfolio investors (FPIs) to provide ODI and DR information directly to the depository instead of routing it through them. This is because FPIs are reluctant to divulge this information to custodians as they deem it to be confidential.

"The custodians want FPIs to upload the required ODI and DR information directly on the NSDL