SEBI Approves New KYC Norms For FPIs, Revised Settlement Mechanism

Markets regulator SEBI approved a slew of proposals, including a revised framework for settlement of cases and new KYC norms for foreign portfolio investors. The watchdog has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities, as well as common application form for the registration of FPIs in the domestic market. 
The board has given its nod for amending delisting regulations. Further, inter-operability of clearing houses for commodities and new methodology to calculate the total expenses ratio for fund managers have been cleared. 
Source- AIR World Service

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • SEBI- Securities and Exchange Board of India.
  • SEBI Chairman- Ajay Tyagi, Headquarters- Mumbai.