The Securities and Exchange Board of India vide its notification dated 8th November 2021, has permitted foreign portfolio investors (FPI) to write off debt securities in their beneficiary account which they are unable to sell for any reason.
SEBI in its earlier circular dated 5th November 2020, has notified that the write-off of securities held by FPIs who wish to surrender their registration was permitted only in respect of shares of companies that are unlisted/illiquid/suspended/delisted and further it decided to permit said FPIs to writeoff shares of all companies which they are unable to sell.
However, in view of the requests received from various stakeholders, it has now been decided to permit the FPIs to also write off all debt securities in their beneficiary account which they are unable to sell for any reason.
