Page 2 - P-notes

P-note investment hits over 7-year low of Rs 1.25 lakh cr over Sebi norms

The total value of P-notes investments in Indian markets slumped to Rs 1,25,037 cr at August-end

P-notes investment slumps to 5-year low of Rs 1.35 lakh cr in July-end

This was the lowest level since July 2012

Sebi p-note curbs shut India door on several hedge fund

The market regulator Securities and Exchange Board of India's (Sebi's) move to ban participatory note (p-note) subscribers from taking unhedged positions in the derivatives market has virtually shut the door on several global hedge funds. Tax experts say numerous jurisdictions including US, Germany and France don't allow their local funds to invest directly in Indian single-stock derivatives. Majority the p-note participants who unwounded their derivative positions post the Sebi circular last month are unlikely to come back to the Indian markets. While nothing stops them from direct registrations, their local rules won't allow them deal single-stock derivatives, preventing them from rebuilding their portfolios. Experts peg their India exposure at Rs 30,000 crore."Since stock futures and index futures (other than Nifty and Sensex) are not approved by the US regulators. US based funds may not be able to invest even if they are register as a FPI in India. Investment flows may therefore ..

Market investments via P-notes at 7-month high of Rs 1.8 lakh cr in May

P-notes are issued by foreign portfolio investors to overseas investors interested in Indian markets

Sebi might ease stand against p-notes in derivatives market

The regulator may not stick to pure definition of hedging; may allow cross-sectoral hedging

Why p-notes are dying a slow death

Once most-preferred route for foreign investments is dying a slow death due to regulatory tightening

FPIs red flag Sebi's plan to curb p-notes

Say it is difficult to differentiate between speculative and hedged positions

Tightening the noose: Sebi cracks the whip on p-notes

Fees of $1,000 per subscriber and ban on speculative derivatives trades among measures proposed

Participatory-notes investment drops to Rs 1.70 lakh crore at February-end

Investment through P-notes was at Rs 1.57 lakh crore in December-end

P-notes may take hit on new tax treaties

Besides higher tax outgo, P-note issuers are worried about operational difficulties

Govt cracks down on P-Note misuse

600 cases of violation identified, information sought from 200 issuers

HSBC, UBS stop issuing P-Notes as Sebi, govt step up clampdown

These instruments are not allowed to be issued to Indians, NRIs or POIs

P-note investments continue downtrend in December, plunge 12 per cent

In July, 2013 the total investment value through P-notes stood at Rs 148,188 crore

P-Notes investments fall to 33-month low at 1.8 lakh cr in November

P-Note holdings in equities were at Rs 1.25 lakh crore in October-end

P-Notes investments fall to 30 month low at 2 lakh crore in Oct

P-Notes are typical instruments issued by registered FPIs to overseas investors who wish to participate in Indian markets

P-Notes investment hits 5-month high in August at Rs 2.16 lakh crore

Total value of P-Notes investment in Indian markets has fallen since Oct 2015 and the trend continued till Feb this year

Investments via P-notes shrank further in August

The investments have reduced due to tightening of norms

Unfazed by scrutiny, 27% foreign investors still favour P-notes

P-notes are offshore derivative instruments with Indian shares as underlying assets

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

Exempt P-note maturities from GAAR: ASSOCHAM

Says it was common for investors to gain economic exposure in Indian securities through P-notes