The Sebi board will consider these proposals in its 23 September meeting. The Sebi board will consider these proposals in its 23 September meeting, two people with direct knowledge of the matter said on condition of anonymity. For starters, Sebi is considering allowing so-called category 1 and 2 FPIs to become members of exchanges for debt market trading. Currently, FPIs trade through brokers, who derive a significant portion of their broking revenues from institutional investors. Sebi has noted cases where PE investors have been granted more rights than their investments warrant, said the first person.

Source: Mint September 11, 2016 19:18 UTC