Investments by FPIs in Hybrid Securities
Summary
The circular mandates the creation of a new 'Hybrid Security' category to capture FPI investments in REITs and InvITs. Depositories NSDL and CDSL are required to implement systems for daily reporting and dissemination of AUC data across debt, equity, and hybrid securities. The directive takes immediate effect under the powers conferred by Section 11(1) of the SEBI Act, 1992.
Text
a third category termed as “Hybrid Security” shall be created for the purpose of capturing and disseminating FPI investment data in hybrid securities.
The depositories (NSDL and CDSL) shall put in place the necessary systems for the daily reporting by the custodians of the FPIs and shall also disseminate on their websites, the AUC of the FPIs in debt, equity and hybrid securities.
Source: SecMarx — Investments by FPIs in Hybrid Securities. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.