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Friday, August 6, 2010

Weekly reporting by FII (lending) on every friday, to be made available to public every tuesday - Website link & email id

Reporting of Lending of securities bought in the Indian Market
1. Please refer to Circular No. IMD/FII&C/32/2008 dated October 16, 2008 read with Circular No. IMD/FII&C/34/2008 dated October 20, 2008 related to reporting of information pertaining to securities lent by the FIIs to entities abroad.

Based on these reports, FIIs have been submitting daily reports based on which disclosures have been made available for public dissemination at twice in a week, one on Tuesday and another on Friday.

On a review it has been decided to modify the periodicity of these reports from daily submissions to weekly submissions. In accordance with this change in periodicity of reports, the FIIs shall now be required to submit the reports every Friday.

The public dissemination has also accordingly been changed to once a week – i.e. every Tuesday.

In view of the change in the periodicity of the reporting, 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

Source: Cir No.IMD/FII&C/ 4 /2010 dated 29th June 2010


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