Foreign Portfolio Investors(FPIs) are stepping up opposition against market regulator the Securities and Exchange Board of India’s(Sebi’s) plan to introduce a shorter settlement cycle. Three FPI lobby groups -- the Asian Securities Industry and Financial Markets Association (ASIFMA), Traders Forum Asia and the UK-based Investment Association – have sent a joint letter to Sebi chairman Ajay Tyagi alleging that they were not consulted on the new rules.from Stocks-Markets-Economic Times https://ift.tt/2ZL0CSM
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