Reporting of Lending of securities bought in the Indian Market
Summary
The circular modifies the reporting frequency for Foreign Institutional Investors (FIIs) regarding securities lent in the Indian market from daily to weekly submissions. FIIs are now required to submit these reports every Friday, with the first report due by July 9, 2010. Additionally, PN issuing FIIs must include a specific undertaking regarding fresh short positions, and all information must be sent to a dedicated SEBI email address.
Text
the FIIs shall now be required to submit the reports every Friday.
The above shall be effective from July 02, 2010 and the first such weekly report shall be submitted by July 09, 2010.
The public dissemination has also accordingly been changed to once a week – i.e. every Tuesday. The first such weekly dissemination shall be made on July 13, 2010.
PN issuing FIIs would be required to submit the following undertaking along with the weekly report: “Any fresh short position shall be immediately reported to SEBI”
This information is required to be submitted by the FIIs to SEBI only to the dedicated e-mail id- odireporting@sebi.gov.in.
Source: SecMarx — Reporting of Lending of securities bought in the Indian Market. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.