|
Deputy General
Manager Foreign
Institutional Investors & Custodian Division Investment Management
Department |
Cir No.IMD/FII &
C/31/2008
October 07, 2008 |
To
All Custodians
of Securities
1.
Please refer to the SEBI press release dated October 06,
2008, on the decisions taken by the SEBI Board pertaining to removal of
restrictions on PNs.
2.
In this respect it is informed that the decisions on PNs (ODIs) are effective
from close of market hours on October 07, 2008.
3.
Amendments to the FII regulations are being
effected.
4.
You are requested to bring the contents of this circular
to the notice of your FII constituents.
5.
A copy of this circular is available on our website http://www.sebi.gov.in/.
Yours
faithfully,
Jeevan Sonparote