SEBI permits Foreign Portfolio Investors (FPI) to invest in Municipal Bonds under SEBI (Foreign Portfolio Investors) Regulations, 2014.
CIRCULAR
IMD/FPIC/CIR/P/2019/62
May 08, 2019
To
1. All Foreign Portfolio Investors(through their Custodian of Securities)
2. All Custodians
3. The Depositories (NSDL and CDSL)
4. The Stock Exchanges (BSE,NSEand MSEI)
Dear Sir / Madam,
1. RBI vide A.P. (DIR Series) Circular No. 33 dated April 25, 2019 has permitted FPIs to invest in municipal bonds.
2. It is decided that in accordance with the provisions of Regulation 21(1)(p) of SEBI (Foreign Portfolio Investors) Regulations, 2014, FPIs are, henceforth, permitted to invest in municipal bonds.
3. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.
4. A copy of this circular is available at the web page “Circulars” on our website www.sebi.gov.in. Custodians are requested to bring the contents of this circular to the notice of their FPI clients.
Yours faithfully,
ACHAL SINGH
General Manager
Tel No.: 022-26449619
Email: achals@sebi.gov.in
Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…
Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…
When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…
Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…
Change in the address of Debts Recovery Appellate Tribunal, Allahabad with effect from 11.12.2025 Ministry of Finance(Department of Financial Service)…
Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from…