MSCI weighs placing India on notice over investor access

MSCI will now consult its clients and announce the results by December 31

Morgan Stanley Capital International (MSCI), one of the world's biggest index compilers, is placing emerging markets, including India and Brazil, on notice for limiting investor access.

The two countries, along with Turkey and South Korea, are “potential future examples” of markets whose weights could be capped on MSCI indices, the New York-based company said in a presentation on its website on Wednesday.
 

All four countries restrict the use of their local data in derivatives created by offshore exchanges, which puts them afoul of MSCI’s anti-competition clause, and India also has a “lengthy and burdensome mandatory registration process” for foreign investors, MSCI