Page 3 - P-notes
Investments via P-notes shrank further in August
The investments have reduced due to tightening of norms
 "Investments via P-notes shrank further in August")
Unfazed by scrutiny, 27% foreign investors still favour P-notes
P-notes are offshore derivative instruments with Indian shares as underlying assets
 "Unfazed by scrutiny, 27% foreign investors still favour P-notes")
Tighter transfer norms for P-notes
As per the Sebi regulations, no FPI can issue, subscribe to or otherwise deal in ODIs, directly or indirectly, unless they satisfy certain strict conditions
 "Tighter transfer norms for P-notes")
Exempt P-note maturities from GAAR: ASSOCHAM
Says it was common for investors to gain economic exposure in Indian securities through P-notes
 "Exempt P-note maturities from GAAR: ASSOCHAM")
Investments via P-notes decline marginally
Sebi in May had tightened the norms to curb misuse of offshore derivative instruments (ODI) or P-notes used by foreign investors not registered in India
No worry on P-note norms: Sinha
Sinha said the new norms will be applicable on a prospective basis and there is enough transition time for the existing investment.
 "No worry on P-note norms: Sinha")
Sebi announces stricter norms on P-notes, effective July 1
Aims to bring in more transparency and curb misuse of investment route used by foreign investors not registered in India
 "Sebi announces stricter norms on P-notes, effective July 1")
P-Note investments slump to 20-month low of Rs 2.11 lakh cr
Sebi tightened norms to check any misuse of P-Notes, by making it mandatory for users of these overseas instruments to follow Indian anti-money laundering law
 "P-Note investments slump to 20-month low of Rs 2.11 lakh cr")
More P-note investors might take direct route
Tightening should reduce attractiveness of this route but might not impact flows in a big way
 "More P-note investors might take direct route")
Tighten KYC norms to enhance due-diligence on P-Notes: Hala Bou Alwan
Interview with Head of Risk Market Development, Thomson Reuters
 "Tighten KYC norms to enhance due-diligence on P-Notes: Hala Bou Alwan")
P-Notes: Foreign investors fine with key Sebi proposals
Major foreign investors including JPMorgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator and filing of suspicious transaction reports
 "P-Notes: Foreign investors fine with key Sebi proposals")
Sebi plans further checks on participatory notes
Board to discuss next week; move follows consultations with market players following SIT recommendations on black money
 "Sebi plans further checks on participatory notes")
Investment via P-Notes slumps to 16-mth low of Rs 2.31 lakh cr
According to Sebi data, total value of P-Notes investment in Indian markets has been falling since October.
 "Investment via P-Notes slumps to 16-mth low of Rs 2.31 lakh cr")
