Press Release
Ref.No.PR 172/2002
Direct uploading of daily reports on trades done by FIIs and their Sub-Accounts.
FITTC DEPARTMENT
Presently the trades done by FIIs and their Sub-Accounts are reported to SEBI generally on T+1 basis by the Custodians in the form of floppy as well as hard copy. Recently SEBI has decided to get these daily transaction reports of FIIs and their Sub-Accounts by way of direct uploading from the site of their Custodians. In this regard a trial run has already been successfully completed at the site of some of the Custodians and all the Custodians have been advised to report daily transactions done by them on behalf of FIIs and their Sub-Accounts by way of uploading the same from their site w.e.f.02-09-2002.