 "FPIs")
A group of offshore asset managers plan to write to the Prime Minister’s Office (PMO), to seek clarity on the impasse pertaining to know-your-client (KYC) guidelines proposed by the Securities and Exchange Board of India (Sebi) in its circular on April 10.
In the past few months, the regulator had received representations from several market participants, asking it to review the proposals and grant additional time.
In a note put up this week, Sebi clarified that a working group, under former Reserve Bank of India governor H R Khan, would look into the issues raised in the representations made to the regulator.
