Investment by Foreign Portfolio Investors (FPI) in corporate debt securities

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..... is invited to paragraph 1 of Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No.FEMA 20/2000-RB dated May 3, 2000 as amended from time to time, in terms of which, foreign portfolio investors (FPI) are permitted to invest only in listed or to-be-listed debt securities. Investment in unliste .....

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..... -RB dated February 15, 2016. The custodian banks of FPIs shall ensure compliance with this condition. (ii) Securitised debt instruments as under: a. any certificate or instrument issued by a special purpose vehicle (SPV) set up for securitisation of asset/s where banks, FIs or NBFCs are originators; and/or b. any certificate or instrument issued and listed in terms of the SEBI Regulations on Pu .....

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..... gulations, 2000 (Notification No. FEMA 20/2000-RB dated May 3, 2000) have been notified by the Government on October 24, 2016 and are annexed to this circular. 7. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other l .....

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