SECURITIES AND EXCHANGE BOARD OF INDIA

FII/QFI investments in Commercial Papers

SEBI circular CIR/IMD/FIIC/6/2013 dated April 01, 2013, SEBI had permitted FIIs and QFIs to invest upto US$ 3.5 billion in Commercial Papers within the Corporate Debt limit of US$ 51 billion. Pursuant to the RBI circular reducing the existing sub-limit for FII/QFI investment in Commercial Papers from USD 3.5 billion to USD 2 billion, SEBI has now decided vide its Circular CIR/IMD/FIIC/4/2014 dated February 14, 2014 to permit eligible investors to invest upto US$ 2 billion in Commercial Papers within the Corporate Debt limit of US$ 51 billion. This shall come into immediate effect.