Debt Allocation Mechanism for FII/QFI - Government debt securities

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..... Depository Limited 5. Central Depository Services (India) Limited Dear Sir / Madam Sub: Debt Allocation Mechanism for FII/QFI - Government debt securities 1. SEBI vide its circular CIR/IMD/FIIC/12/2012 dated April 27, 2012 had prescribed a framework for the allocation of debt limits to FIIs. However the allocation mechanism had been amended from time to time. 2. SEBI vide its circ .....

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..... modification to circular CIR/IMD/FIIC/12/2012 dated April 27, 2012, it has been decided that FIIs/QFIs can now invest in Government Debt without purchasing debt limits till the overall investment reaches 90% after which the auction mechanism shall be initiated for allocation of the remaining limits, as currently in place for FII investments in Corporate Debt. 6. It is clarified that consequent .....

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..... rcular shall come into effect immediately. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. A copy of this circular is available at the web page F.I.I. on our website www.sebi.gov.i .....

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