The Securities and Exchange Board of India (Sebi) is learnt to be considering further relaxations in the entry norms for foreign institutional investors (FIIs), which would allow them easier access to commence operations in India.
FIIs have suggested that there should be a pre-determined criteria for selection of FIIs wishing to operate in the country, on the applicability of which they can commence operations immediately.
They have also suggested the circulation of a negative list which will weed out undesirable entities form operating in the country.
Last December Sebi had relaxed the registration norms for FIIs, bringing down the registration time from 3 to 4 weeks to 14 days. But even this is being seen as an inordinately long time by the FIIs.