Reporting of write off of securities held by Foreign Institutional Investors and Sub-Accounts

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..... It has been brought to our notice that some of the Foreign Institutional Investors (FIIs) have been writing off securities held by them or their Sub-Accounts (SAs) due to various reasons. It has been decided that the following procedure for writing off securities and reporting to SEBI may be adopted: 1. Securities may be written off with prior approval of FII. 2. Write off: Securities written o .....

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..... ors Protection Fund of the regional stock exchange of the company not later than 7 days from the date of receipt thereof. * the aforesaid sale transaction should be reported to SEBI as a normal sale. * Confirmation in this regard shall be submitted to SEBI on a monthly basis by means of a letter to be submitted by 7th of the following month. Custodians should note that they are acting as tru .....

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..... reported to SEBI as sale with nil value / compensation received from broker/exchange/bank/company under transaction code 17. b) Write back: The write back shall be reported to SEBI as purchase in the account of the respective FII/SA under transaction code 18. c) Disinvestment: Disinvestment as stated in para 4 above shall be reported as normal sale under transaction code 4. Further, securities .....

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