Latest News | Sebi Allows FPIs to Write off Debt Securities

New Delhi, Nov 8 (PTI) Markets regulator Sebi on Monday allowed foreign portfolio investors (FPIs) to write off all debt securities that they are unable to sell.

This will be applicable only to such FPIs who wish to surrender their registration, the Securities and Exchange Board of India (Sebi) said in a circular.

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"In view of the requests received from various stakeholders, it has now been decided to permit the FPIs to also write off all debt securities in their beneficiary account which they are unable to sell for any reason.

"This shall be applicable only to such FPIs who wish to surrender their registration," Sebi said.

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In September, the regulator permitted FPIs to write off shares of all the companies that they are unable to sell.

For the write-off, the process prescribed in the operational guidelines has to be complied with, it added. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)