Sebi mulls framework for FPIs to sell assets after expiry of registration

Currently, there is no provision to deal with securities lying frozen in the demat accounts of FPIs whose registration has expired

SEBI
Premium

Khushboo Tiwari Mumbai

Listen to This Article

The Securities and Exchange Board of India (Sebi) on Thursday proposed a mechanism to allow additional time for foreign portfolio investors (FPIs) to liquidate their assets even after the expiry of their registration.

Currently, there is no provision to deal with securities lying frozen in the demat accounts of FPIs whose registration has expired.

Nearly Rs 3,300 crore of 55 FPIs, whose registrations have expired, lie frozen as of June 2023.

Further, 20 such FPIs had written off their securities valued at around Rs 94 crore.

Even after the write-off, these securities remain frozen in demat accounts.

An

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 08 2024 | 9:07 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com