INDIA: Postponement of, and clarification on new reporting format by India FIIs

Thursday June 16 2011

Further to the update of 13 May, SEBI has released clarification on the new reporting format by India FII`s on offshore derivative instruments. In the previous circular the new reporting format was made effective for the month of July 2011 with the report to be submitted by 7 August 2011.

During the consultation process, it was represented that system changes for incorporating the clarifications would require further time so SEBI has decided to grant a further postponement for implementation of the reports, with the first monthly summary report to be submitted for the month of September, 2011 before 7 October, 2011.

Until such time as the new reporting format is implemented SEBI asks India FIIs to continue to file reports in the existing format.

Click on the above link for more details.

Update of 13th May – http://www.markets.funds-axis.com/newsArticle.asp?type=2id=1853