The market regulatory body SEBI,on Thursday came out with its new rules to regulate foreign investments through P-Notes,which is slated to be effective from Friday.The rules include no fresh issuance of P-notes in derivatives, and it will wind up the existing positions in coming 18 months.In spot market also FIIs will not be allowed to issue P-Notes more than 40 per cent of their assets under custody.All these measures are being taken so as to stop the capital inflow from anonymous funds,wherein the investors intentions and details are not known to the regulatory body.More to come on P-notes and policies.

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