India’s Stock Exchange Regulator Eases Rules for Foreign Investors

To ease rules for foreign investors and safeguard their interest, the Securities and Exchange Board of India announced reforms which include approval for trading of both stocks and commodities on a single exchange, and capping of cross-holdings in rating agencies as well as in mutual funds.

For foreign portfolio investors, the Board relaxed entry norms by expanding the eligible jurisdictions for registration by including all countries that have diplomatic ties with India; the regulator will also rationalize criteria and simplify the broad-based requirements for such investors.

A signborard with 'investment' written on it

The proposed norms will impact global rating agencies such as  S&P, Moody’s, and Fitch which have significant holdings in Indian rating agencies apart from their direct presence.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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