SEBI may change P-Notes mechanism, sources say
SEBI has its board meeting scheduled for Friday May 20, 2016.
The Securities and Exchange Board of India (SEBI) may discuss to change the mechanism of P-Notes, sources told Zee Business.
SEBI has its board meeting scheduled for Friday May 20, 2016. Sources further said that rules for willful defaulters is also on the agenda and may see some changes.
They said that SEBI might make it mandatory for investors to fill KYC for investing in the Indian markets through P-Notes.