Millennium Post

SEBI to sign MoUs in six countries

With an aim to attract foreign investors from a larger number countries to the Indian capital markets, regulator SEBI may soon sign bilateral MoUs with its counterparts in at least six countries. At the same time, SEBI [Securities and Exchange Board of India] will request the market regulators across various countries to allow the Indian market intermediaries operating in their jurisdictions to solicit business from interested Qualified Foreign Investors [QFIs] at those places.

The steps are being taken by SEBI pursuant to suggestions made by the Ministry of Finance in this regard and would help attract more overseas investments through the QFI route, a senior official said.

The QFI framework was first put in place about a year ago and individuals, groups or associations from 45 countries, are currently eligible to invest through the QFI route.

PTI

PTI

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