Sebi working on simplified rules for foreigners investing in govt bonds
04-Sep-2024
The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday.
"For foreign funds investing in only government bonds, given that India's debt has been included in global indices, we are trying to make the registration process for them a lot more easier," said Ananth Narayan, a whole-time member at the Securities and Exchange Board of India (SEBI).
The regulator is working on "light-touch" registration processes for such investors, said Narayan, adding that details that are required from equity investors may not be needed if investments are being made only in government bonds.
Foreign investment in Indian government bonds has risen sharply since September 2023, when J.P. Morgan announced the inclusion of India in its debt indexes.
News Source:- https://www.business-standard.com/finance/news/sebi-working-on-simplified-rules-for-foreigners-investing-in-govt-bonds-124090300835_1.html
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