SEBI ON P-NOTES
Sebi board cleared proposal to have a separate exchange for SME Segment
Date of calculation of AUC will be Sept 30
Sub accounts not to be allowed to issue PNs
PNs can't be issued with ODIs as underlying
FIIs shall not issue P-notes as underlying as derivatives has been approved
Current position to be wound up within 18 months
Board has decided further issuance of P-notes by sub accounts of FIIs to be discontinued with immediate effect
Sub accounts issuing P-notes have applied for registration of FIIs: Sebi
Until a final decision is taken on their being FIIs, sub accounts can continue as normal
Both proprietary and corporate sub-accounts will be allowed to do business till final decision is announced.
Investment in Stocks is subjected to Risk.
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.
Past performance is not benchmark for future returns. This may either over perform or sometimes under perform too.
No comments:
Post a Comment