Most FIIs now complying with new norms
As the markets regulator Securities and Exchange Board of India recently mentioned that FIIs and sub-accounts are not complying with the guidelines specified by the body on the 15th of April, it is to be mentioned here that most of the FIIs present in India as of date are now complying with the new norms in their structure.
FPA, AFA intend to work closely with ASIC over a PJC recommendation to establish a new professional standards board.