 "Illustration: Ajay Mohanty")
General Anti-Avoidance Rule (GAAR), central know-your- customer (KYC) norms, and easing of compliance requirements will be some of the talking points between Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi and foreign portfolio investors (FPIs) when they meet on Wednesday (April 12).
Investors want the regulator to simplify procedures for registration as FPIs. One of the demands is to ease the screening process and documentation requirement for registration of investors coming in from jurisdictions compliant with International Organisation of Securities Commissions (IOSCO) or from those regions that follow rigid KYC norms.
Another demand is that banks
Investors want the regulator to simplify procedures for registration as FPIs. One of the demands is to ease the screening process and documentation requirement for registration of investors coming in from jurisdictions compliant with International Organisation of Securities Commissions (IOSCO) or from those regions that follow rigid KYC norms.
Another demand is that banks
