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Sebi takes up review of custodian norms
Business Standard
|November 14, 2024
Capital market regulator Securities and Exchange Board of India (Sebi) has proposed measures to ease operations and compliance by custodians — entities which manage foreign portfolio investors (FPIs).
The regulator has also proposed a review of the net-worth criteria for custodians, which was last set at ₹50 crore in 1996. Sebi has now proposed to increase it to ₹100 crore. Existing custodians which do not meet the norms will be provided a three-year period to comply.
Bu hikaye Business Standard dergisinin November 14, 2024 baskısından alınmıştır.
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