MANU/APDR/0017/2019

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A. P. (DIR Series) Circular No. 33
                   RBI/2018-2019/176

Date : 25.04.2019

Notification/ Circulars Referred : Notification No. FEMA 20(R)/2017-RB dated November 07, 2017 MANU/RFEM/0009/2017; AP (DIR Series) Circular No. 22 dated April 6, 2018 MANU/APDR/0008/2018; AP (DIR Series) Circular No.31 dated June 15, 2018 MANU/APDR/0017/2018; AP (DIR Series) Circular No. 26 dated March 27, 2019 MANU/APDR/0010/2019

Citing Reference:
Notification No. FEMA 20(R)/2017-RB dated November 07, 2017 MANU/RFEM/0009/2017  Referred

AP (DIR Series) Circular No. 22 dated April 6, 2018 MANU/APDR/0008/2018  Referred

AP (DIR Series) Circular No.31 dated June 15, 2018 MANU/APDR/0017/2018  Referred

AP (DIR Series) Circular No. 26 dated March 27, 2019 MANU/APDR/0010/2019  Referred

To

All Authorised Persons

Madam / Sir

Investment by Foreign Portfolio Investors (FPI) in Debt - Review

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified vide Notification No. FEMA 20(R)/2017-RB dated November 07, 2017, as amended from time to time and the relevant directions issued thereunder. A reference is also invited to AP (DIR Series) Circular No. 22 dated April 6, 2018, AP (DIR Series) Circular No.31 dated June 15, 2018, and AP (DIR Series) Circular No. 26 dated March 27, 2019 on FPI investments in debt instruments.