Regulatory crackdown in India may lead to hedge funds pulling investments.

Quick Summary:

The rules are part of a drive by Sebi to better understand the ultimate investors buying Indian stocks.

Banks including JPMorgan, Goldman Sachs, BNP Paribas, Société Générale and UBS wrote to Sebi in January warning there were “material legal and regulatory reasons” why it would be “very difficult” to supply investors’ information to the regulator.

Their concerns have been partially allayed, however, after the regulator clarified carve outs for many of the funds the banks do business with, making it less likely the banks’ clients will be caught by the rules.

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Article Details

Author / Journalist: Costas Mourselas

Category: MarketsFinanceInvesting

Markets: United StatesChinaIndia

Topics: Hedge Banks Funds Financial Regulator Investors Sebi Indian India Rules Foreign

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-10 @ 05:00:27 (1 months ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20364119

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Official Website: ft.com

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