SWF Radar SEBI

The Economic Times reports that, “A growing number of sovereign wealth funds (SWFs) have sought the approval of SEBI to register and invest in the Indian stock market.”

The Economic Times writes that, “A growing number of sovereign wealth funds (SWFs), including China's overseas investment arm, Korea Investment Corporation and some from the Gulf region, has sought SEBI approval to register and invest in the Indian stock market.”

The Financial Express reports that, “Sovereign wealth funds (SWFs) are back on the Centre's agenda. The high-level coordination committee on financial markets has decided that the Reserve Bank of India (RBI) and the Securities & Exchange Board of India (Sebi) would now collect and analyse data on SWF investments through the FDI and FII routes, and share it with the [Indian] government.”

The Business Standard writes that, “The Reserve Bank of India and the Securities & Exchange Board of India (Sebi) are close to finalising new data reporting norms to capture investment from sovereign wealth funds (SWF) in India.”

The Times of India reports that, “Market regulator Securities and Exchange Board of India (Sebi) has relaxed investment norms for investors from abroad allowing non-resident Indians (NRIs) and overseas sovereign wealth funds (SWFs) to register as foreign institutional investors (FIIs). In addition, international or multilateral organisations, foreign governmental agencies and overseas central banks can also register as FIIs now, Sebi said.”