Sebi amends FII norms

The Securities and Exchange Board of India has amended the regulations on foreign institutional investors to treat overseas-registered or incorporated pension funds, mutual funds, investment trusts, insurance companies, reinsurance companies, international or multilateral agencies, foreign governmental agency or a foreign central bank as an FII.

Earlier, the regulator used to treat these agencies as an FII on a case-to-case basis, a Sebi official clarified.

Sebi announced the amendments in FII regulations through a circular on Wednesday.