The Securities and Exchange Board of India (SEBI) on January 10, 2025, issued a Consultation Paper on the proposal to increase the size criteria (set to guard against potential circumvention of Press Note 3 stipulations) in the additional disclosure framework.
The following has been stated: -
•SEBI proposes increasing the size criteria for additional disclosure requirements in the FPI framework from INR 25,000 crore to INR 50,000 crore, due to a 122% rise in market turnover.
•The current concentration criteria to prevent MPS/SAST circumvention remain unchanged.
•Public comments on this proposal are invited until January 31, 2025. The proposed change aims to ensure market integrity and prevent circumvention of regulatory norms.
The detailed notification is given in the document below.
